Deals
Brocade Communications in Advanced Talks to Sell Itself
- Broadcom said among interested potential suitors for Brocade
- Deal could be announced as soon as the end of this week
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Brocade Communications Systems Inc. is in advanced talks to sell itself, according to people familiar with the matter.
The network-equipment maker is nearing the final stages of a sale process, said the people, who asked not to be named because the discussions are private. Chipmaker Broadcom Ltd. is one of the interested potential buyers, the people said. No deal has been reached and talks may still fall apart, they said.