Broadcom to pay $178M for Dune Networks
IRVINE, Calif. (AP) – Chip-maker Broadcom Corp. said Monday it will buy privately held Dune Networks for $178 million in cash.
Dune Networks supplies chips that are used in networking devices.
Broadcom said the boards of the two companies have approved the deal. The sale is expected to close by the end of March 2010, and it will be neutral to slightly positive to Broadcom’s profit in 2010.
In September, Broadcom dove into the market for optical network chips with a family of products for the gigabit passive optical network (GPON) market. The GPON gateway processors are designed to be integrated into optical network terminals (ONTs) or optical network units (ONUs).
Also in September, Broadcom covered all of the TV bases with the introduction of advanced set-top box chips for cable, for satellite and for IPTV systems that run Microsoft’s Mediaroom.