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Marvell Confirms $6 Billion Purchase of Chip Maker Cavium

Marvell Technology Group Ltd. has agreed to buy chip maker Cavium Inc. in cash-and-stock deal valued at roughly $6 billion that would set it up to better compete with industry giants such as Intel Corp. and Broadcom Ltd.

The Wall Street Journal early this month reported a possible deal was in the works and on Sunday said the deal could be announced Monday.

The...


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