Davis Polk is advising the special committee of Broadcom Corporation’s board of directors in connection with the company’s approximately $37 billion acquisition by Avago Technologies Limited, the largest announced M&A transaction in the history of the semiconductor industry. The transaction has been unanimously approved by the boards of directors of both companies, as well as by the Broadcom special committee. The transaction, which is expected to close by the first quarter of 2016, is subject to approval by Avago’s and Broadcom’s shareholders, regulatory approvals and other customary closing conditions.

Broadcom, based in Irvine, California, is a global leader and innovator in semiconductor solutions for wired and wireless communications. Avago, based in San Jose and Singapore, is a leading designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products and complex digital and mixed-signal CMOS-based devices.

The Davis Polk M&A team includes partners William M. Kelly, Kirtee Kapoor and Neal A. Potischman and associates Bryan M. Quinn, Andrew Yaphe and Grant E. Strother. Partner Rachel D. Kleinberg and associate Kelli A. Rivers are providing tax advice. Members of the Davis Polk team are based in the Menlo Park and New York offices.

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