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In September 2011, [[Broadcom|Broadcom Corporation]] agreed to buy NetLogic for $3.7 billion in cash.<ref>{{Cite news|url=https://www.reuters.com/article/us-broadcom-idUSTRE78B23T20110912|title=Chipmaker Broadcom to buy NetLogic for $3.7 billion|date=2016-09-12|newspaper=Reuters|access-date=2017-01-04}}</ref> It was a 57% premium to NetLogic's closing price on September 13, 2011.<ref name="The Wall Street Journal on the Acquisition">{{cite web |url=https://www.wsj.com/articles/SB10001424053111904265504576566311807622324 |title=Broadcom to Pay $3.7 Billion to Acquire NetLogic Microsystems |date=September 13, 2011 |website=www.wsj.com }}</ref> NetLogic shareholders received $50 a share.<ref name="Bloomberg on the NetLogic Acquisition in 2011">{{cite web |url=https://www.bloomberg.com/news/articles/2011-09-12/broadcom-agrees-to-buy-netlogic-microsystems-for-3-7-billion |title=Broadcom to Acquire NetLogic Microsystems for $3.7 Billion |date=September 12, 2011 |website=www.bloomberg.com }}</ref> It was Broadcom’s largest acquisition and its first acquisition of a publicly-traded company. The acquisition closed in February 2012.<ref>{{Cite web|url=http://www.prnewswire.com/news-releases/broadcom-completes-acquisition-of-netlogic-microsystems-inc-139509648.html|title=Broadcom Completes Acquisition of NetLogic Microsystems, Inc.|last=Corporate|first=Broadcom Corporation; BRCM|website=www.prnewswire.com|access-date=2017-01-04}}</ref> According to the publication SlashGear, Broadcom hoped to boost its chipset division with the acquisition of NetLogic.<ref name="SleashGear on NetLogic Prowess in 2011">{{cite web |url=https://www.slashgear.com/broadcom-buys-netlogic-to-boost-chipset-prowess-12178857/ |title=Broadcom buys NetLogic to boost chipset prowess |date=September 12, 2011 |website=www.slashgear.com}}</ref>
NetLogic was headquartered in [[Santa Clara, California]], hired approximately 800 employees worldwide, and reported revenue of $405.4 million for its fiscal year 2012, its last fiscal year as a standalone company.
== References ==
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