Broadcom Corporation has acquired Beceem Communications, a privately-held company that develops system-on-a-chip (SoC) solutions for LTE and WiMAX 4G connectivity. Broadcom paid approximately $316 million, net of cash assumed, to acquire all of the outstanding shares of capital stock and other equity rights of Beceem.

Broadcom expects the acquisition of Beceem to be neutral to earnings in 2011.

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Tuesday–May 20

Charter Pulling the Plug on Altice USA’s News 12

It’s been nearly eight years since Charter and Altice USA agreed to carry one another’s news networks, but that’s coming to an end. Optimum customers will soon lose Spectrum News NY1 and Charter subs will lose News 12.

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