Broadcom wins United States antitrust consent to buy Brocade: FTC

04 Juillet, 2017, 16:20 | Author: Lucrece Courtet
  • Great_Wall_of_China

Broadcom's $5.9bn purchase of Brocade has been approved by the US Federal Trade Commission (FTC) so long as Broadcom's technology used in chips for fibre channel switches built for Cisco is walled off from its storage networking business. However, the semiconductor manufacturer needed to agree to certain terms, including establishing a firewall, to remedy the FTC's "anticompetitive" concerns around competitor Cisco, according to an FTC statement. The deal calls for Broadcom to subsequently sell Broadcom's Ethernet networking business for an expected $1-2 billion.

The FTC was concerned that Brocade possessing knowledge of these ASIC chips "could be used to restrain competition or slow innovation in the worldwide market for fibre channel switches". Brocade shares were up 5 cents to $12.66. According to the complaint, San Jose, California-based Broadcom makes the fibre channel application specific integrated circuits, or ASICs, that are custom-tailored to carry out the functions of each switch, according to FTC.

Brocade and Cisco are the only two competitors in worldwide fibre channel switches, and Broadcom supplies both companies with ASICs to make fibre channel switches.

The FTC extended its review of the acquisition with a second request for information in February.

14 feared dead in Galamsey pit at Prestea
YEN is building a platform where Ghanaians can share local news and own experiences with each other. Some small scale miners, however, persist with the illegality irrespective of the onslaught.

Les présidents de la Commission européenne et du Parlement s'écharpent à Strasbourg
Jean-Claude Juncker, furieux, s'est accroché ce mercredi avec Antonio Tajani, le président justement du Parlement européen.

Rajasthan ATS detains suspected ISIS operator from Chennai
Rajasthan ATS is conducting a background check on him and is also checking his bank accounts to check the money flow. The report states that Haroon has been taken to an undisclosed location for further questioning and investigation.

Broadcom has agreed to set up an internal firewall with the acquired activities from Brocade in order to ensure competition in the fibre channel switch market.

The proposed consent order prevents Broadcom from using Cisco's competitively sensitive confidential information for any goal other than the design, manufacturing and sale of fibre channel ASICs for Cisco.

Broadcom agreed that the business group which supplies Cisco would work from separate facilities and that a firewall would prevent the use of Cisco's information for any goal other than supplying Cisco, the FTC said.


  • Boston Research & Management Inc. Maintains Position in Illinois Tool Works Inc. (ITW)

    Pacific Heights Asset Management LLC's holdings in Illinois Tool Works were worth $14,174,000 as of its most recent SEC filing. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock.
    Vamshi Paidipally To Visit the USA

    Vamshi Paidipally To Visit the USA

    According to sources the film is based in U.S. and Vamshi will be shortly flying to US scouting for locations. On the other side, Vamshi Paidipally is busy wrapping up the pre-production work his next with Mahesh Babu.
    SpaceX scrubs Intelsat launch again

    SpaceX scrubs Intelsat launch again

    The satellite, built by Boeing, is based on the BSS-702MP satellite bus, with an expected service life of at least fifteen years. For Intelsat's launch, SpaceX is returning to its primary launch site in Florida, where a Falcon 9 last blasted off on June 23.
  • MC Solaar va ressortir un album, le premier en dix ans

    MC Solaar va ressortir un album, le premier en dix ans

    Dans un court entretien avec le journal Le Monde , MC Solaar a confié qu'il prévoyait de sortir un nouvel album d'ici fin 2017. Les plus impatients seront ravis d'apprendre qu'un premier single devrait paraître dès cet été.
    Landis+Gyr plans IPO in Q3

    Landis+Gyr plans IPO in Q3

    Managers in Japan are said to have courted acquisition bids for the Swiss subsidiary, which had been expected to fetch about $2bn (€1.75bn).
    Watch Mexican mayor marry crocodile 'princess' in lavish ceremony and reception

    Watch Mexican mayor marry crocodile 'princess' in lavish ceremony and reception

    Prior to the ritual, the wedding participants walked with the crocodile bride through the town accompanied by band music. The crocodile was dressed in a white bridal and the mayor, Victor Aguilar, sealed the marriage with a kiss.
  • N.Korea test-fires missile, Trump tweets

    N.Korea test-fires missile, Trump tweets

    He also reiterated that an era of "strategic patience" over North Korea's nuclear and ballistic missile programs had ended. Reacting to the development on Twitter , Trump said, " North Korea has just launched another missile".
    Coca-Cola Company (The) (NYSE:KO) Shares Sold by Bartlett & Co. LLC

    Coca-Cola Company (The) (NYSE:KO) Shares Sold by Bartlett & Co. LLC

    It improved, as 39 investors sold Hasbro, Inc. shares while 169 reduced holdings. 0 funds opened positions while 1 raised stakes. The company reported $0.43 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.44 by $0.01.

    $0.46 EPS Expected for CIRCOR International, Inc. (CIR) This Quarter

    The company had revenue of $145.20 million during the quarter, compared to the consensus estimate of $146.29 million. The Westchester Capital Management Llc holds 442,500 shares with $10.93 million value, up from 105,000 last quarter.
  • Après Macron au Congrès, Philippe passe au

    Après Macron au Congrès, Philippe passe au "discours de la méthode"

    Franceinfo a rassemblé les différents clichés pour dessiner un mini-portrait décalé* du Premier ministre. Quelques élus de gauche (PS et DVG) entendent également voter la confiance.
    Emilia Clarke won't return for any GoT spin-offs

    Emilia Clarke won't return for any GoT spin-offs

    Weiss have often talked about how fond they are of Momoa, and how sad they were to have to say goodbye to him in season one. This means that fans would soon have to bid farewell to their favorite GOT characters.
    Germany suggests Facebook shakes down its members with social extortion racket

    Germany suggests Facebook shakes down its members with social extortion racket

    That could be changing should the German regulator embolden other authorities such as the European Union to act. The data Google gathers also means it offers better results, which makes it even harder for competitors.


Derby County close to completing Liverpool defender transfer
It helps that I have been here before so I am familiar with some of the players and staff, as well how the club works, so it made the decision easy.

GST impact: Tamil Nadu theatres remain shut for second consecutive day
He pointed out apart from Tamil Nadu, southern states have desisted from levying additional tax on cinema over and above the GST. Actor-filmmaker Kamal Haasan on Monday said, "Filmmaking in the state has been made hard deliberately". "We will speak later".

Jennifer Lawrence among the stylish stars at Dior show
The Oscar victor - who welcomed her second child in February - completed her sophisticated look with pearl jewellery. Model Karlie Kloss, 24, served up a splash of colour in her floor-length mustard frock.

Ginter quits Dortmund, joins Borussia
Petersburg on Saturday, and is reportedly now keen to complete a deal when he is back from worldwide duty. Ginter was part of the Germany side that beat Chile to win the Confederations Cup in St.

Laptop Ban Lifted From Abu Dhabi Airport
Their efforts are a model for both foreign and domestic airlines". "We are one of the safest airports in the world and we hope that our passengers feel even more secure with these additional security measures".

China detains dozens over funding of elevated bus project
And last week the local authority began removing the 984-foot-long tracks the bus runs on. Bai bills himself as "the father of the TEB" on Weibo.

PowerShares QQQ Trust, Series 1 (QQQ) Sees Large Growth in Short Interest
PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. Pettyjohn Wood & White Inc. raised its stake in shares of PowerShares QQQ Trust, Series 1 by 3.4% in the first quarter.

Un enfant de deux ans tué dans accident de quad — Loire-Atlantique
Le grand-père, en état de choc, a été blessé durant l'accident et transporté au Centre Hospitalier Universitaire de Nantes. Une enquête a été confiée à la gendarmerie pour déterminer dans quelles circonstances l'accident a eu lieu.

Andy Murray shows no sympathy towards Dan Evans following positive drugs test
The world No 1 began the defence of his Wimbledon crown with a comfortable 6-1 6-4 6-2 Centre Court win over Alexander Bublik . You know, he's going to have a few years away from the game now.

Enbridge Energy Management (NYSE:EEQ) Receiving Somewhat Favorable News Coverage, Accern Reports
TRADEMARK VIOLATION NOTICE: This report was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. Chicago Partners Investment Group LLC boosted its stake in shares of Enbridge Energy Management by 2.6% in the first quarter.