Broadcom Wraps Octalica Deal

5/29/2007 5:04 AM Eastern

Broadcom completed its acquisition of Octalica, announced earlier this month.

Newton Centre, Mass.-based Octalica is a startup developing chips for home-networking technologies based on the Multimedia Over Coax Alliance (MoCA) standard.

Broadcom paid approximately $31 million in cash in exchange for all of the outstanding shares of Octalica's capital stock and other rights of Octalica.

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