Broadcom announced this morning it has completed the acquisition of Israel-based chip maker BroadLight as part of its efforts to strengthen its high-speed fiber broadband portfolio.
The company paid approximately $195 million in cash for the company to acquire all the outstanding shares of capital stock and other equity rights of BroadLight.
The deal will be around neutral to earnings per share in 2012, the company said. The acquisition did not require the intervention of regulators to authorise the purchase.
BroadLight has business and home consumer benefits, with networking and VoIP expertise. The acquisition will ultimately enable the company towards rolling out next-generation fiber broadband to enterprise and home customers.
BroadLight's purchase makes it the tenth acquisition by Broadcom in Israel, a hotbed of startup activity and electronic manufacturing goods.
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