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Avago Technologies May Buy Broadcom

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May 27, 2015, 1:21 PM by Eric M. Zeman

Avago Technologies is in advanced talks to acquire Broadcom, reports the Wall Street Journal. Terms of the deal are not yet available, and the Journal's sources say the deal may not be signed. Broadcom's market valuation is about $28 billion and Avago's is about $34 billion. Broadcom makes wireless modems and other chips for mobile devices. It has struggled to compete in recent years with Qualcomm, Samsung, and others.

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