Marvell, the US semiconductor company, has bought Xelerated, the Swedish maker of networking infrastructure chips, in a deal understood to be worth around $100m.
Meanwhile, UK-based Picochip was bought by Mindspeed Technologies, a US chip vendor, in a deal valued at up to $76.8m, including a $51.8m in cash and shares and up to $25m earn-out. Read more
The headlong rush into mobile banking continued on Thursday with Visa announcing two deals in this area. The payments company has bought Fundamo, a South African mobile software company for $110m. It has also signed a 5-year deal with Monitise, a UK company that helps verify mobile banking transactions.
The deals come after last month Google, Mastercard and Citigroup announced plans to launch a “mobile wallet” that could be used at a number of stores in the US. Read more