Skadden Reps Broadcom In $313M Provigent Deal

Law360, New York (March 21, 2011, 2:53 PM EDT) -- Broadcom Corp. announced Monday that it had inked a $313 million deal to acquire Israel-based Provigent, a privately held provider of mixed-signal semiconductors for microwave backhaul systems.

Irvine, Calif.-based Broadcom, which has been fairly active recently on the mergers and acquisitions market, said this latest transaction would allow it to more thoroughly address the $5 billion microwave backhaul equipment business.

It added that in order to manage wireless traffic growth and the transition to 4G, carriers must backhaul data from the cell sites to the core...
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