Broadcom Corporation Acquires Gigle Semiconductor for $75,000,000

  • Feed Type
  • Date
    11/23/2010
  • Company Name
    Gigle Semiconductor
  • Mailing Address
    255 Shoreline Drive Redwood City, CA 94065
  • Company Description
    Gigle is developing system-on-chip integrated circuits for multimedia home networking using any of the existing wires in the home – the power lines, coaxial cables or phone lines. Such networks will transform the way we view movies and television broadcasts, listen to music, access information, and play games.
  • Website
    http://www.gigle.biz
  • Transaction Type
    M&A
  • Transaction Amount
    $75,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    In connection with the acquisition, Broadcom expects to pay approximately $75 million to acquire all of the outstanding shares of capital stock and other rights of Gigle Networks. The purchase price will be paid in cash, except that holders of unvested employee stock options will receive Broadcom equity awards.

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