
Intel to acquire LSI's Axxia Networking Business and related assets for $650 million in cash from Avago Technologies.
The Axxia Networking Business generated revenues of $113 million in calendar 2013 and employs approximately 650 people.
The sale follows Avago Technologies acquisition of LSI earlier this year in a deal valued at $6.6 billion
http://www.avagotech.com/
In November 2013, LSI announced first commercial delivery of its Axxia 4500...