View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 25, 2010

Broadcom acquires Beceem Communications for $316m

Develops system-on-a-chip (SoC) offerings for LTE and WiMAX 4G connectivity

By CBR Staff Writer

Broadcom, a provider of semiconductors for wired and wireless communications, has acquired Beceem Communications, a privately-held company that develops system-on-a-chip (SoC) offerings for LTE and WiMAX 4G connectivity.

Broadcom paid approximately $316m, net of cash assumed, to acquire all of the outstanding shares of capital stock and other equity rights of Beceem Communications.

The company said that the purchase price was paid in cash, except that the portion attributable to unvested employee stock options was paid in stock options exercisable for shares of Broadcom’s common stock.

Content from our partners
Unlocking the value of artificial intelligence and machine learning
Behind the priorities of tech and cybersecurity leaders
Corporate ransomware attacks: It’s only a matter of when, not if
Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy