Avago and Broadcom management will hold a conference call to discuss the details of the transaction. A live webcast and accompanying presentation of the transaction will be available in the Investors section of Avago`s website at www.avagotech.com prior to the conference call. EX-99.1 Expo 99.1 Avago approves sale of Axxia Networking Business and LSI`s related assets to Intel for $650 million to SAN JOSE, Calif., SINGAPORE and SANTA CLARA, Calif., August 13, 2014 – Avago Technologies Limited and Intel Corporation today announced the signing of a definitive agreement to acquire Axxia Networking Business from LSI and related assets for $650 million. The trans What was become the company was founded in 1961 as a semiconductor division of Hewlett-Packard.  In 1999, the Hewlett-Packard division separated as part of Agilent Technologies.    KKR and Silver Lake Partners acquired the chip arm of Agilent Technologies and founded Avago Technologies in 2005 for $2.6 billion.  In October 2005, Avago Technologies agreed to sell its E/S solutions unit to PMC-Sierra at a cost of $42.5 million.  In August 2008, the company submitted a $400 million IPO.   In October 2008, Avago Technologies acquired Munich`s mass operations for 21.5 million euros with the acoustic wave of Infineon Technologies.  In 2009, Avago Technologies entered the NASDAQ with the AVGO ticker symbol.
  Avago Technologies announced in April 2013 its agreement to acquire optical chip and component supplier CyOptics for $400 million.   The acquisition was intended to expand Avago Technologies` fibre optic product portfolio.  In October 2013, Avago Technologies invested $5 million in Amantys, a provider of electronic power technology, as part of a strategic investment agreement between the two companies.  Avago Technologies announced in December 2013 its $6.6 billion takeover agreement for LSI Corporation.      The acquisition helped divert Avago Technologies from specialty products to a consumer industry that included chips, particularly memory for data centers.  Avago and Broadcom first discussed a possible merger in October 2014, but were unable to agree on a price, said people familiar with the matter who are not allowed to speak publicly about it. Of broadcom Corporation`s 616,426,074 shares awaiting such mergers, the merger will help companies improve their negotiating position with builders. SINGAPORE and IRVINE, Calif., May 28, 2015 (GLOBE NEWSWIRE) — Avago Technologies Limited (Nasdaq:AVGO) and Broadcom Corporation (Nasdaq:BRCM) announced today that they have entered into a final agreement under which Avago Broadcom acquires a cash and equity transaction valued at $77 billion.
Once completed, the combined company will have the most diversified communications platform in the semiconductor industry, with annual revenues of approximately $15 billion. As part of the final agreement, Avago Broadcom will acquire $17 billion in cash and the economic equivalent of approximately 140 million Avago common shares valued at $20 billion (as of May 27, 2015), resulting in Broadcom shareholders owning approximately 32% of the combined business. Based on Avago`s closing price on May 27, 2015, the implied value of the total amount of the transaction for Broadcom is $37 billion. (Reuters) – Avago Technologies Ltd AVGO. O on Thursday agreed to buy Broadcom Corp. BRCM. O for $37 billion in the largest chip maker merger of all time, making a lesser-known company, led by a wild dealmaker, one of the biggest players in the industry.