Broadcom buys Brocade
 

For quite a lot of cash

Broadcom has bought Brocade for $5.9 billion, further underlining the consolidation in the IT sector.

Brocade is the industry leader in fibre channel storage area networks, switching and IP networking.

Broadcom said it had bought Brocade because of its expertise in storage networking, and also said it would divest the company’s IP networking business.

http://fudzilla.com/news/42009-broadcom-buys-brocade