Avago Technologies Limited and Broadcom Corporation announced that they have entered into a definitive agreement under which Avago will acquire Broadcom in a cash and stock transaction that values the combined company at US$77 billion in enterprise value. Per the below press release issued by the companies, upon completion of the acquisition, the combined company will have the most diversified communications platform in the semiconductor industry, with combined annual revenues of approximately US$15 billion.
Latham & Watkins LLP represents Avago in the transaction, the largest semiconductor acquisition in history. Latham & Watkins’s Silicon Valley corporate team is led by partners Christopher “Kit” Kaufman, Anthony Richmond and Luke Bergstrom with associates Chad Rolston, Riley Lochridge, Matthew Van Leeuwen, Mark Bekheit and Jennifer Cadet. Advice is also being provided on antitrust matters by San Francisco partners Joshua Holian and Daniel Wall, Washington, D.C. partner Michael Egge and Brussels partners Sven Völcker and Luca Crocco; on technology transaction matters by Silicon Valley partner Anthony Klein with associates Isabel Chon and Arielle Singh; on benefits and compensation matters by Silicon Valley partner James Metz with associate Lilly Fang and San Francisco associate Julie Crisp; on regulatory matters by Washington, D.C. partner William McGlone, counsel Jarrett Taubman and associate Jeffrey Lord; on tax matters by New York partner David Raab with Washington, D.C. associate Andrea Ramezan-Jackson; on real estate matters by New York partner Michelle Kelban with associate Tiana Hertel; on environmental matters by Chicago partner Karl Karg; and on finance matters by Washington, D.C. partners Jennifer Van Driesen and Manu Gayatrinath with associates Pouria “Po” Saidi, Katherine Putnam and Keely O’Malley.
Source: www.lw.com
