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Broadcom Buys Network Gear Maker Brocade for $5.5 Billion

posted by juggs on Thursday November 03 2016, @12:36AM   Printer-friendly
from the Fish-eats-Fish-Food dept.

takyon writes:

Broadcom is looking to broaden its markets with the purchase of Brocade Communications Systems:

Broadcom Ltd. agreed to buy Brocade Communications Systems Inc. for $5.5 billion, expanding beyond its main business in chips to add boxes that help connect storage systems to computers in data centers.

Broadcom, one of Silicon Valley's most aggressive acquirers, said it plans to sell Brocade's other communications technology businesses to avoid competing with companies that now buy Broadcom chips.

The deal stands to help Broadcom reduce its reliance on sales of wireless chips for smartphones, a market that has slowed lately. Apple Inc., its largest customer, in October said it sold 45.5 million iPhones in the quarter ended in September, 2.5 million fewer than a year earlier.

Also at NYT, Reuters, Broadcom.

Broadcom was itself bought by Avago Technologies for $37 billion in 2015. Avago then renamed itself Broadcom.

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  • (Score: -1, Offtopic) by Anonymous Coward on Thursday November 03 2016, @02:21AM

    by Anonymous Coward on Thursday November 03 2016, @02:21AM (#421908)

    Social Justice Feminism has won.

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