Broadcom spikes 17% on reported buyout talks
Advertisement
Broadcom shares spiked more than 14% on Wednesday afternoon on a report by the Wall Street Journal that it is in talks to be bought by Avago.
Advertisement
Broadcom, a semiconductor company, has a market cap of $31.08 billion.
According to the Journal, the terms of the deal are not yet clear, and it's not certain whether an agreement will be finalized.
Avago shares spiked more than 7%. Also in the semiconductors industry, it has a market cap of $35 billion.
Advertisement
More to come ...
Advertisement
- Top temples to visit in India you must visit atleast once in a lifetime
- Top 10 adventure sports across India: Where to experience them in 2024
- Market recap: Valuation of 6 of top 10 firms declines by Rs 68,417 cr; Airtel biggest laggard
- West Bengal Elections: Rift among INDIA bloc partners triggers three-cornered intense contests
- Angel Investing Opportunities