From CNET: Avago Technologies and Broadcom, which build components tucked into electronics gear you're probably using, are headed for a merger.
Avago will acquire Broadcom for $37 billion, including $17 billion in cash and $20 billion in Avago stock, and join the two firms into a new company known for now as HoldCo, Avago announced on Thursday. The combined company will be valued at $77 billion and have revenue of approximately $15 billion per year.
For most consumers, the tie-up between Avago and Broadcom is a behind-the-scenes shift. Avago makes semiconductors for a wide range of products, including cars, printers, exercise equipment, and digital cameras. It's also a major player in the enterprise, where its products help to power data centers.
Broadcom, meanwhile, is perhaps best known for its communications semiconductors running in a range of smartphones and tablets. Those chips allow products from Apple, Samsung, among others, to connect to wireless networks. Broadcom chips are also available in set-top boxes and vehicles.
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