Data storage and networking company Brocade Communications is reportedly discussing selling its business, with one of the potential buyers being chipmaker Broadcom. Brocade Communications holds almost $1.2bn in cash, with debt standing at $1.5bn. Should the acquisition of Brocade go ahead, it could be announced as soon as the July-September quarter year-over-year. The acquisition could help Broadcom to increase its part in constructing the data centres needed for cloud computing’s growing demand.
Data storage and networking company Brocade Communications is reportedly discussing selling its business, with one of the potential buyers being chipmaker Broadcom. Brocade Communications holds almost $1.2bn in cash, with debt standing at $1.5bn. Should the acquisition of Brocade go ahead, it could be announced as soon as this week. The acquisition could help Broadcom to increase its part in constructing the data centres needed for cloud computing’s growing demand.