Avago Spikes On Broadcom Talks; Stock In Buy Area
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