02-11-2016 16:30 via cio.com

Broadcom bids billions for Brocade in order to break it up

Chip maker Broadcom wants to buy storage vendor Brocade Communications Systems, stripping out its Fibre Channel business and selling the rest.
Broadcom has agreed to pay around US$5.5 billion for Brocade, it said Wednesday.
But it doesn't want all of it: After the deal closes -- between May and October 2017, Broadcom hopes -- it plans to sell off Brocade's IP-based wireless and campus networking, data center switching and routing, and software networking products.
The bit Broadcom wants to keep
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