Chipmaker Avago to buy Broadcom in $37 billion deal

[May 28, 2015]  (Reuters) - Avago Technologies Ltd <AVGO.O> said it would buy fellow chipmaker Broadcom Corp in a cash-and-stock deal valued at $37 billion.

Avago, which makes chips for the wireless and industrial markets, is offering Broadcom shareholders $17 billion in cash and Avago shares valued at $20 billion.

(Reporting by Supantha Mukherjee in Bengaluru; Editing by Sriraj Kalluvila)

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