Breaking News

SAMA Launches Exclusive Amazon Prime Day Deals on Flagship PC Cases and AIO Cooler Lineup Transcend Launches Ultra-Fast PCIe Gen5 SSD MTE260S Power Your World with DJI's New Portable Power Station Power 2000 G.SKILL CAMM2 DDR5 Memory Module Demonstrates DDR5-10000 Overclock Speed on ASUS Z890 Motherboard JCB Phone Launches New Rugged Smartphone Range to Power Global Expansion

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Marvell Technology to Buy Cavium for $6 billion

Marvell Technology to Buy Cavium for $6 billion

Enterprise & IT Nov 20,2017 0

U.S. chipmaker Marvell Technology Group said on Monday it would buy rival Cavium Inc in a deal valued at about $6 billion as it seeks to expand its networking equipment business.

The two companies have signed a definitive agreement, unanimously approved by the boards of directors of both companies, under which Marvell will acquire all outstanding shares of Cavium common stock in exchange for consideration of $40.00 per share in cash and 2.1757 Marvell common shares for each Cavium share. Upon completion of the transaction, Marvell strengthen its position in the market of infrastructure solutions with approximately $3.4 billion in annual revenue.

The transaction combines Marvell's portfolio of HDD and SSD storage controllers, networking solutions and wireless connectivity products with Cavium's portfolio of multi-core processing, networking communications, storage connectivity and security solutions.

Marvell CEO Matt Murphy will lead the combined company, with Cavium co-founder and CEO Syed Ali serving as a strategic adviser and board member.

"This is an exciting combination of two very complementary companies that together equal more than the sum of their parts," said Matt Murphy.

Cavium Inc. stockholders are expected to own about 25 percent of the combined company.

The transaction is expected to close in mid-calendar 2018.

The deal could create a rival to Intel and other major computer chip producers.

Tags: marvellCavium
Previous Post
Volvo to Supply Thousands of Self-driving Cars to Uber
Next Post
Honor 7X is Official Coming with a FullView Display

Related Posts

  • Marvell Delivers Dual 400GbE PHY with 100G Serial I/Os and MACsec Security for Data Center and Cloud

  • Nokia and Marvell Partner on Silicon Technology for 5G

  • Marvell Launches New OCTEON TX2 Family of Multi-Core Infrastructure Processors

  • Marvell Collaborates with Foxconn-Ingrasys, Accton and KIOXIA to Accelerate End-to-End Ethernet Storage Adoption

  • NXP to Buy Marvell’s WiFi and Bluetooth Connectivity Assets For $1.76 Billion

  • Marvell to Acquire GF's Avera Semi, Creating an Infrastructure ASIC Company

  • Marvell Introduces First NVMe-oF SSD Converter Controller

  • Marvell Launches New NVMe SSD Controller Family for 96-Layer NAND-Based SSDs

Latest News

SAMA Launches Exclusive Amazon Prime Day Deals on Flagship PC Cases and AIO Cooler Lineup
Cooling Systems

SAMA Launches Exclusive Amazon Prime Day Deals on Flagship PC Cases and AIO Cooler Lineup

Transcend Launches Ultra-Fast PCIe Gen5 SSD MTE260S
PC components

Transcend Launches Ultra-Fast PCIe Gen5 SSD MTE260S

Power Your World with DJI's New Portable Power Station Power 2000
Consumer Electronics

Power Your World with DJI's New Portable Power Station Power 2000

G.SKILL CAMM2 DDR5 Memory Module Demonstrates DDR5-10000 Overclock Speed on ASUS Z890 Motherboard
PC components

G.SKILL CAMM2 DDR5 Memory Module Demonstrates DDR5-10000 Overclock Speed on ASUS Z890 Motherboard

JCB Phone Launches New Rugged Smartphone Range to Power Global Expansion
Smartphones

JCB Phone Launches New Rugged Smartphone Range to Power Global Expansion

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Noctua NH-D15 G2

Noctua NH-D15 G2

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed