Marvell to Buy Cavium

Marvell has agreed to buy fellow chip maker, Cavium, which specialises in chips that are used in HDD controllers, network devices and data processing systems. The companies will have a combined revenue of $3.4 billion. Marvell is based off-shore in Bermuda, while Cavium is based in San Jose. The deal will be paid for with a combination of cash and arranged debt.