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EU: Regulators to decide on $37 billion Avago deal next month

By  |  October 5, 2015

European Union antitrust regulators will rule by Nov. 9 whether to clear a $37 billion bid by US chipmaker Avago Technologies for rival Broadcom Corp, the biggest ever merger in the sector.

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    The combination of Avago, which serves the wireless and industrial markets, and Broadcom, which makes connectivity chips for Apple and Samsung Electronics smartphones, would create the third-largest semiconductor maker in the United States.

    The European Commission can clear the deal with or without concessions in the preliminary review or it can open a full-scale investigation if it has serious concerns about its competitive impact.

    Full content: Reuters

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