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Broadcom Acquires Teknovus, Supplier of EPON Chipsets and Software

Editorial Checklist

Reviewed

Mar 9 2010

Broadcom Corporation (Nasdaq: BRCM), a global leader in semiconductors for wired and wireless communications, today announced that it has completed the acquisition of Teknovus, a leading supplier of Ethernet Passive Optical Network (EPON) chipsets and software.

In connection with the acquisition, Broadcom paid approximately $123 million to acquire all of the outstanding shares of capital stock and other rights of Teknovus. The purchase price was paid in cash, with a portion placed into escrow pursuant to the terms of the acquisition agreement.

Source:

http://www.broadcom.com/

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