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Broadcom Corp (BRCM.O)

BRCM.O on Nasdaq

54.67USD
29 Jan 2016
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Wed, Nov 2 2016

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Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion

Chipmaker Broadcom Ltd said it would buy Brocade Communications Systems Inc for $5.5 billion, pushing deeper into the fast-growing market for network equipment used in data centers.

UPDATE 6-Chipmaker Broadcom to buy network gear maker Brocade for $5.5 bln

* Brocade shares rise 9 pct, Broadcom up 1.5 pct (Adds comments from CFO interview)

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