Avago to acquire major Apple supplier Broadcom for $37 billion

The trend toward consolidation in the semiconductor industry continued Thursday with the announcement that Avago will acquire rival Broadcom — a longtime supplier of communications chips to Apple — in a $37 billion cash-and-stock transaction that values the combined company at $77 billion.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/46b95d8a/sc/21/l/0Lappleinsider0N0Carticles0C150C0A50C280Cavago0Eto0Eacquire0Emajor0Eapple0Esupplier0Ebroadcom0Efor0E370Ebillion/story01.htm

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