Xconomy San Francisco

Broadcom Corporation Acquires Teknovus for $123,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=290735d3-67e8-4fec-aeb3-e899acabc463&Preview=1
Date
3/8/2010
Company Name
Teknovus
Mailing Address
1351 Redwood Way Petaluma, CA 94954
Company Description
Teknovus develops and delivers the only proven, fourth-generation EPON chipset with the features and performance to enable fast, easy-to-deploy, low-cost triple-play (voice, data, video) via fiber to the home (FTTH) at 1000 times the bandwidth of DSL.
Website
http://www.teknovus.com
Transaction Type
M&A
Transaction Amount
$123,000,000
Transaction Round
Proceeds Purposes
M&A Terms
Broadcom Corp. has acquired Teknovus Inc., a Petaluma, Calif.-based provider of broadband-access semiconductor chipsets, for $123 million in cash.