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…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?