Tuesday, May 29, 2007
Broadcom Completes Octalica Acquisition
Irvine-based Broadcom has completed its acquisition of Octalica, the firm said Monday morning. The deal was worth $31M in cash. Octalica develops semiconductors based on the Multimedia over Coax Alliance (MoCA) standard, used for digital multimedia networking in the home. The deal was originally announced in May. Broadcom is a provider of a wide range of semiconductors for the networking, data, and communications markets, and had 2006 revenues of $3.67 billion.