Avago Spikes On Broadcom Talks; Stock In Buy Area

By | May 27, 2015

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Apple (AAPL) chip supplier Avago Technologies (AVGO) is in advanced talks to acquire Broadcom (BRCM), according to multiple reports. “It isn’t clear what terms the companies are discussing or when a deal could be inked — if there’s one at all,” reported the Wall Street Journal, which broke news of the talks. Bloomberg and Reuters also reported a deal was close, with some saying an agreement could be announced Thursday. Broadcom has a market cap Scalper1 News

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