Another blockbuster acquisition has hit the tech industry.
Semiconductor company Broadcom announced today that it has agreed to acquire NetLogic Microsystems for $50 per share, or about $3.7 billion. The $50 per share represents a nearly 57 percent premium on NetLogic's closing stock price on Friday of $31.91.
NetLogic seems to be a reasonable acquisition for Broadcom, which focuses on chips for networking gear. Both companies compete in the semiconductor market, but NetLogic offers components in areas that Broadcom needs to bolster its own lineup, including knowledge-based processors and multicore embedded processors, the companies said in a … Read more