Broadcom will pay $316m in cash for Beceem Communications, minus unvested employee options that will receive Broadcom stock.
Broadcom, a Nasdaq-listed communications equipment supplier that has made more than 40 acquisitions, has agreed to buy Beceem Communications, a US-based provider of mobile wireless internet connection semiconductors part-owned by Intel Capital.
Broadcom will pay $316m in cash, minus unvested employee options that will receive Broadcom stock.
In May, Beceem filed with the US regulator for its expected $100m flotation, having become profitable last last year. Intel Capital, the corporate venturing unit of semiconductor company Intel, owned 20% of…