Marvell Technology is negotiating the purchase of Cavium
According to the Wall Street Journal the company Marvell Technology Group negotiating with the company Cavium, hoping to buy it.
As stated, if the negotiations succeed, the deal could be announced in the coming weeks. Shareholders Cavium will receive a small bonus with respect to the current value of the stock.
At the close of trading on Friday Cavium capitalization was close to $ 4.5 billion. Company Marvell Technology is estimated at more than $ 9 billion. Thus, in the case of the transaction cost of the final plant will be about $ 14 billion.
Representatives from Marvell Technology and Cavium does not comment on the negotiations.
We will remind, established in 1995 and do not have their own production company Marvell produces chips for data storage, telecommunications and consumer electronics. Company Cavium, founded in 2001, is also working on bespaltnoe models, with a focus on processors and single-chip systems on ARM and MIPS for video surveillance systems, servers, storage and network equipment.