Broadcom to Acquire Innovision R&T for Near Field

Broadcom will acquire Innovision Research & Technology PLC, a UK-based company that specializes in near-field communication (NFC) technology, for approximately US$47.5 million based on current exchange rates. This offer represents a 84.2% premium above the closing price of Innovision common stock on June 17, 2010. Broadcom expects to close the acquisition of Innovision in the third quarter of 2010.
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