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News > Deals
Broadcom adds Spice
August 7, 2000: 10:29 a.m. ET

Broadcom to buy chip and software maker Silicon Spice for $1.2B in stock
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NEW YORK (CNNfn) - Semiconductor maker Broadcom Corp. announced Monday that it plans to acquire Silicon Spice Inc. for $1.2 billion in stock, a deal that will provide Broadcom with the ability to send voice and data over the same network.

graphicIrvine, Calif.-based Broadcom will issue five million of its shares for all the preferred and common stock of privately held Silicon Spice. Based on the Broadcom's closing price Friday of 238-15/16, the deal is worth about $1.2 billion.

According to a statement from the company, Mountain View, Calif.-based Silicon Spice will help Broadcom compete in new markets using a processor that allows voice and data to be carried over the same network for businesses, which include Internet service providers and Internet telephone companies.

The deal expected to close within 60 days, pending shareholder approved.

Shares of Broadcom (BRCM: Research, Estimates) fell 15/16 to 238 in early morning trading Monday. Back to top

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