Monday, October 31, 2016

Bloomberg: Brocade Contemplates a Sale

Shares in Brocade surged 22% following a report published by Bloomberg that the company is in advanced stages of selling itself.  Broadcom may be interested in acquiring the company, according to Bloomberg, but company commented for the report.

Broadcom, which recently completed its merger with Avago Technologies, sells merchant silicon to many of network equipment vendors, including Brocade and its competitors.


https://www.bloomberg.com/news/articles/2016-10-31/brocade-communications-said-in-advanced-talks-to-sell-itself


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