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CC-Transcript

  • 00:00IN NEW YORK. I AM TOM KEENE. JOINING ME BRENDAN GREELEY. WE HAVE BREAKING NEWS ON BORADCOM -- ON BROADCOM. AVAGO WILL TAKE OUT BROAD COM. BROADCOM HAS DONE SINGLE-DIGIT RETURNS WELL UNDER 8% OVER 10 YEARS. FUNNY CLEAN HAS THE NEWS. VONNIE: IT IS THE LARGEST EVER IN THE CHIPMAKING BUSINESS. AVAGO BUYING BROADCOM. $17 BILLION IN CASH AND 140 MILLION SHARES. THE EQUIVALENT OF 140 MILLION SHARES. THE AVAGO CEO WILL SERVE AS PRESIDENT OF THE COMBINED COMPANY. WITH THAT NEWS, WE ARE GETTING RESULTS FROM AVAGO. AVAGO TECHNOLOGY SEEING THIRD QUARTER CAPITAL EXPENDITURES OF $160 MILLION. SECOND QUARTER NET REVENUE COMING IN AT $106 MILLION. THE NAME OF THE COMBINED COMPANY WILL BE BROADCOM LIMITED. WE DID SEE AVAGO RISE 7% YESTERDAY. BROADCOM UP 22%. IT IS THE LATEST ROUND OF
  • NOW PLAYING

    Broadcom to be Acquired by Avago Technologies for $37B

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Broadcom to be Acquired by Avago Technologies for $37B

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May 28th, 2015, 11:24 AM GMT+0000


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