Deals
Broadcom Bets on Net Traffic With $3.7 Billion NetLogic Deal
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Broadcom Corp. plans to spend $3.7 billion on chipmaker NetLogic Microsystems Inc. to benefit from surging demand for networking equipment that delivers video and Web access to mobile devices.
NetLogic investors will get $50 a share, a 57 percent premium to the closing price for the Santa Clara, California-based company on Sept. 9, Broadcom said in a statement.