The company is offering Broadcom shareholders $17 billion in cash and Avago shares valued at $20 billion.
Broadcom is known for its connectivity chips. They are used widely in smartphones made by Apple Inc and Samsung Electronics Co Ltd.
According to report, the combined company will be based in Singapore.
|Get a chance to meet who's who of Transport ecosystem in India including key policymakers from Central and State Governments. Join us at National Summit on ‘Strategy for Ports, Highways Infrastructure and Logistics Efficiency , New Delhi on Aug 13, 2018 to explore business opportunities. Like and connect with us on Facebook, Linkedin and Twitter.|