[Techtaffy Newsdesk]
Broadcom has signed a definitive agreement to acquire BroadLight, a Delaware corporation with an Israel-based subsidiary.
In connection with the acquisition, Broadcom currently expects to pay approximately $195 million, net of cash assumed, to acquire all of the outstanding shares of capital stock and other equity rights of BroadLight. Additional consideration of up to $10 million in cash will be reserved for future payment to holders of BroadLight capital stock and other rights upon satisfaction of certain performance goals. The transaction is expected to close in Broadcom’s second quarter of 2012 and remains subject to customary closing conditions.
BroadLight is a privately held provider of networking and fiber access PON (Passive Optical Network) processors.
Upload: 06-17-12