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Avago secures unconditional EU approval for $37 billion Broadcom buy

2015-11-23 21:31:54| Semiconductors - Topix.net

European antitrust regulators cleared on Monday Avago Technologies Ltd's planned $37 billion takeover of rival chipmaker Broadcom Corp without conditions. Spurred by demand for cheaper chips and new products to power Internet-connected gadgets as well as the need to cut costs, the global semi-conductor industry has seen a wave of consolidation this year, with the Avago, Broadcom deal among the biggest.

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