If Broadcom buys Brocade Communications,it reportedly plans to sell off the networking business that the San Jose company is best known for — including Ruckus Wireless, which it just bought earlier this year for $1.5 billion.
That's what Reuters reported on Tuesday, or citing unnamed sources who said the deal could be announced by the close of the week.
Brocade shares (NASDAQ:BRCD) jumped for the moment straight day on buyout talk,closing up more than 6 percent at $11.25. That is the highest closing…
Source: bizjournals.com