17 Dec 2013

Avago agrees to buy LSI for $6.6 billion

Author: Lelerurpope | Filed under: News

Semiconductor company Avago Technologies has agreed to buy storage and networking company LSI for US$6.6 billion in an effort to expand its data center offerings. The deal involves Singapore-based Avago paying $1 billion in cash, an equity investment of $1 billion by Silver Lake Partners and $4.6 billion in term loans from banks.

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Avago agrees to buy LSI for $6.6 billion

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