Broadcom Corporation Acquires Beceem Communications for $316,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a4bc19fe-a940-4533-9c21-eb5ff1fc1024&Preview=1
Date
10/13/2010
Company Name
Beceem Communications
Mailing Address
3960 Freedom Circle First Floor 1 Santa Clara, CA 95054
Company Description
Beceem Communications Inc. was founded in October 2003 with the goal of building a wireless technology company offering semiconductor solutions for the wireless broadband market. Beceem is the leading supplier of chipsets for the recently ratified, IEEE 802.16e standard on which Mobile WiMAX is based.
Website
http://www.beceem.com
Transaction Type
M&A
Transaction Amount
$316,000,000
Transaction Round
Proceeds Purposes
M&A Terms
In connection with the acquisition, Broadcom expects to pay approximately $316 million in cash, net of cash assumed, to acquire all of the outstanding shares of capital stock and other equity rights of Beceem.