Reports: Avago Technologies in talks to acquire Broadcom Corp.

San Jose, Calif.-based Avago Technologies Ltd., which has operations in Fort Collins and Longmont, is in advanced talks to acquire Broadcom Corp., according to reports published Wednesday by Reuters and the Wall Street Journal.

The deal would be the latest in a recent string of mergers in the semiconductor industry.

The Journal’s story said it isn’t clear what terms the companies are discussing or when a deal could be inked — if there’s one at all — but Broadcom had a market value of $28 billion as of Wednesday afternoon. Avago’s was about $34 billion.

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