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Broadcom Acquires NetLogic Microsystems
[February 22, 2012]

Broadcom Acquires NetLogic Microsystems


Feb 22, 2012 (Close-Up Media via COMTEX) -- Broadcom Corporation, a provider of semiconductor solutions for wired and wireless communications, announced it has completed its $3.7 billion acquisition of NetLogic Microsystems, a provider of semiconductor solutions for next generation networks.



In a release dated Feb. 17, the Company said Ron Jankov, former president and CEO of NetLogic Microsystems, joins Broadcom as a Senior Vice President and General Manager, reporting to Rajiv Ramaswami, Broadcom's Executive Vice President and General Manager, Infrastructure and Networking Group. NetLogic Microsystems' 700-plus employees will immediately become part of Broadcom.

"The NetLogic acquisition is a significant milestone in Broadcom's strategy to extend its communications infrastructure leadership and take advantage of the explosive growth in mobile and video traffic and the rise of cloud computing," said Broadcom CEO Scott McGregor. "This acquisition adds a high-margin, high-growth business that strongly increases the addressable market of our infrastructure and networking business." The transaction, announced on Sept. 12, 2011, cleared all required regulatory reviews and was approved by NetLogic Microsystems' stockholders. Broadcom will include NetLogic Microsystems' contribution to financial performance in the company's first quarter earnings announcement.


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