Broadcom Avago Merger Agreement

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. [10] In 1999, the Hewlett-Packard division separated as part of Agilent Technologies. [6] [8] [11] KKR and Silver Lake Partners acquired the chip arm of Agilent Technologies and founded Avago Technologies in 2005 for $2.6 billion. [6] In October 2005, Avago Technologies agreed to sell its E/S solutions unit to PMC-Sierra at a cost of $42.5 million. [12] In August 2008, the company submitted a $400 million IPO. [13] [14] In October 2008, Avago Technologies acquired Munich`s mass operations for 21.5 million euros with the acoustic wave of Infineon Technologies. [15] In 2009, Avago Technologies entered the NASDAQ with the AVGO ticker symbol.

[11] [16] Avago Technologies announced in April 2013 its agreement to acquire optical chip and component supplier CyOptics for $400 million. [17] [18] The acquisition was intended to expand Avago Technologies` fibre optic product portfolio. [18] 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. [19] Avago Technologies announced in December 2013 its $6.6 billion takeover agreement for LSI Corporation. [6] [8] [16] [20] [21] The acquisition helped divert Avago Technologies from specialty products to a consumer industry that included chips, particularly memory for data centers. [21] 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.