Broadcom acquires Broadcom Corporation

Broadcom acquired Broadcom Corporation for ~$37 billion, a transaction completed in February 2016, structured as cash-and-stock (~50% cash / ~50% equity, prorated). The deal was a Merger.

Broadcom Corporation operates in Semiconductors (communications), is based in Irvine, California, USA. The transformational merger in which Avago Technologies acquired Broadcom Corporation and adopted the Broadcom name. It combined Avago's wired, wireless and enterprise storage franchises with Broadcom's networking, broadband and connectivity portfolio to create a global, diversified communication-semiconductor leader. The combined company traded as Broadcom Limited (later Broadcom Inc.) on NASDAQ under AVGO.

Creates a global, diversified leader in communication semiconductors with combined revenue of roughly $15 billion, adding category-leading franchises to the Avago platform; expected to be immediately accretive to non-GAAP EPS and cash flow.

Category-leading networking, broadband and connectivity franchises that diversified Avago across wired and wireless end markets at scale. At least $750 million of annual run-rate synergies targeted within 18 months of close. Combined company operated as Broadcom Limited (NASDAQ: AVGO); Avago and Broadcom Corporation became subsidiaries of a new Singapore holding company.

This is an important day in the evolution of both Avago and Broadcom. The combination of our Companies creates a global, diversified leader in communication semiconductors, with a combined enterprise value of approximately $77 billion.Hock Tan, President and CEO, Avago Technologies

Advisory firms were not disclosed for this transaction.

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