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Broadcom To Acquire Israeli Startup BroadLight - Report

JERUSALEM -(Dow Jones)- Global chip maker Broadcom Corp. (BRCM) has reportedly acquired Israeli startup BroadLight Ltd. for at least $200 million, two Israeli newspapers report Tuesday. The Marker, the financial section of the daily Haaretz newspaper, reports that two companies signed an agreement of intent Tuesday for a $230 million acquisition after four months of negotiations. Financial daily Globes reported that the deal is worth for $200 million. Both companies declined to comment. BroadLight, which develops chips and software for fiber optic broadband networks, was set up in 2000 and has raised about $60 million in venture capital from such funds as Benchmark Capital, Israel Seed Partners and Motorola Ventures. Broadcom has a development center that employs 500 people in Israel and the deal would represent Broadcom's 10th Israeli acquisition. The company, which makes chips for set-top boxes, networking and smartphones, has been expanding its networking portfolio. The company last month closed its $3.7 billion purchase of NetLogic Microsystems. -By Sara Toth Stub, contributing to Dow Jones Newswires, saratoth@gmail.com (Shara Tibken contributed to this story.)

Stock News for Broadcom (BRCM)
DateTimeHeadline
06/29/201519:48:10Statement of Changes in Beneficial Ownership (4)
06/25/201508:00:00Broadcom Expands Strategic Collaborations in China
06/17/201517:04:18Filing of Certain Prospectuses and Communications in Connection...
06/13/201514:19:035 Gadgets Under $100 That Will Blow Your Mind
06/12/201517:35:41Statement of Changes in Beneficial Ownership (4)
06/10/201510:11:53These Stocks Just Raised Their Dividends
06/10/201508:00:00Broadcom Extends Mass Market Distribution Strategy to Include...
06/09/201508:10:00Broadcom Delivers Multi-Channel DVB-S2X Satellite Set-Top Box...
06/09/201508:05:00Broadcom Announces Industry's First Multi-Gigabit Set-Top Box...
06/09/201508:00:00Broadcom Leads Ultra HD Performance with Next-generation Chip
06/08/201519:02:27Statement of Changes in Beneficial Ownership (4)
06/08/201508:00:00Broadcom Licenses MIFARE
06/05/201517:31:33Filing of Certain Prospectuses and Communications in Connection...
06/05/201517:18:33Filing of Certain Prospectuses and Communications in Connection...
06/04/201517:21:48Filing of Certain Prospectuses and Communications in Connection...
06/04/201509:05:02Why Sierra Wireless, Inc Stock Fell 13% in May
06/04/201508:33:23Filing of Certain Prospectuses and Communications in Connection...
06/03/201521:08:02Should Intel Corporation Worry About Avago Technologies Ltd.?
06/03/201518:35:03Statement of Changes in Beneficial Ownership (4)
06/02/201520:10:06Synchronoss Technologies Is Exploring a Sale

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