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Exclusive: Eu To Clear $37 Billion Avago, Broadcom Deal Without Conditions - Sources

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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A sign is seen at the entrance to the headquarters of Avago Technologies in San JoseBRUSSELS (Reuters) - European Union antitrust regulators are set to approve unconditionally U.S. chipmaker Avago Technologies' proposed $37 billion takeover of Broadcom Corp, two people familiar with the matter said on Tuesday. The deal is one of several in the global semiconductor industry this year, with consolidation driven by demand for cheaper chips and new products to power Internet-connected gadgets. Avago serves the wireless and industrial markets while Broadcom's connectivity chips are used widely in smartphones made by Apple and Samsung Electronics. ...




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