Analysis
Broadcom Completes Its Acquisition of Beceem Communications, Inc.
Broadcom Corporation (Nasdaq: BRCM), a global leader in semiconductors for wired and wireless communications, today announced that it has completed its acquisition of Beceem Communications, Inc., a privately-held company that develops system-on-a-chip (SoC) solutions for LTE and WiMAX® 4G connectivity.
In cThe purchase price was paid in cash, except that the portion attributable to unvested employee stock options was paid in stock options exercisable for shares of Broadcom's common stock. A portion of the cash consideration payable to the stockholders was placed into escrow. Excluding any purchase accounting related adjustments and fair value measurements, Broadcom expects the acquisition of Beceem to be neutral to earnings in 2011.