Bermuda-based chipmaker Marvell to buy rival Cavium for $6b in cash

Bermuda-based chipmaker Marvell to buy rival Cavium for $6b in cash

REUTERS/Dado Ruvic

Marvell Technology Group Ltd., a chipmaker looking to build itself a future outside of a declining area of the market, agreed to buy Cavium Inc. for about $6 billion, a person familiar with the transaction said.

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