SINGAPUR (dpa-AFX) - Avago Technologies Ltd (AVGO) and Intel (INTC) Tuesday announced the completion of its $650 million sale of LSI's Axxia Networking Business and related assets to Intel Corp (INTC). The Axxia Networking Business generated revenue of $113 million in calendar 2013.
Avago, based in Singapore, divested the Axxia Networking Business following its acquisition of LSI for about $6.6 billion.
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