Acquisition of WiMAX 4G Solutions Provider Beceem Communications Completed by Broadcom Corporation

Acquisition of Beceem Communications (News - Alert), Inc., has been completed by Broadcom Corporation. An announcement in this regard has been by the top global company in semiconductors for wired and wireless communications, Broadcom Corporation. System-on-a-chip (SoC) solutions for LTE (News - Alert) and WiMAX 4G connectivity are developed by the privately-held company, Beceem Communications, Inc.

Approximately $316 million have been paid by Broadcom (News - Alert) in connection with the acquisition. All of the outstanding shares of capital stock and other equity rights of Beceem have been acquired by assumedly paying the net money in cash.

Except for the portion attributable to unvested employee stock options, the purchase price was paid in cash. Stock options exercisable for shares of Broadcom's common stock attribute to the unvested employee stock options. An independent third-party has been selected to pay a portion of the cash consideration, which is payable to the stockholders.

According to Broadcom, the acquisition of Beceem is expected to be neutral to earnings in 2011. Any purchase accounting related adjustments and fair value measurements are however excluded.

A top global company in semiconductors for wired and wireless communications, Broadcom Corporation (News - Alert) is also a major technology innovator. The delivery of voice, video, data and multimedia is enabled with Broadcom products. The information is delivered to and throughout the home, the office and the mobile environment.

Manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices are provided the industry's broadest portfolio of state-of-the-art system-on-a-chip and software solutions. Broadcom’s core mission, ‘Connecting everything’ is supported by these solutions.

In 2009, Broadcom had revenue of $4.49 billion. The company is one of the largest fabless communications semiconductor companies in the world. More than 4,500 U.S patents are held by Broadcom. The company also holds 1,900 foreign patents. More than 7,800 additional patent applications of Broadcom are currently in the pending state. Broadcom has one of the broadest intellectual property portfolios. Both wired and wireless transmission of voice, video, data and multimedia are addressed by these portfolios.