Broadcom Buys VC-Backed Teknovus

Broadcom Corp. has acquired Teknovus Inc., a Petaluma, Calif.-based provider of broadband-access semiconductor chipsets, for $123 million in cash. Teknovus had raised around $66 million in VC funding from Lightspeed Venture Partners, Galleon Crossover Funds, Vision Venture Capital, Technology Alliance Investment, Itochu Technology Ventures, U.S. Venture Partners, Partech International, Focus Ventures, Samsung and Mitsubishi.

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