Broadcom nears deal to buy Brocade: sources

By Liana B. Baker SAN FRANCISCO - Chipmaker Broadcom Ltd is nearing a deal to acquire network gear maker Brocade Communications Systems Inc in a deal that could be announced later this week, people familiar with the matter said on Tuesday. Run by chief executive Hock Tan, the company formerly known as Avago is one of the chip sector's most prolific acquirers, having completed a $37 billion takeover this year and changing its name to Broadcom. If the U.S.-and-Singapore-based company succeeds in b