IRVINE, Calif., April 5, 2012 /PRNewswire/ --Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications,  today announced it has completed its acquisition ofBroadLight, Inc., a leading provider of highly integrated networking and fiber access PON (Passive Optical Network) processors.

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The addition of BroadLight extendsBroadcom's industry leading broadband access product line, enablingBroadcomto offer a complete, end-to-end GPON (Gigabit Passive Optical Network) solution for customers — from the optical line terminal (OLT) at the central office to the optical network unit (ONU) at the home. Combined withBroadcomnetworking and management software, home networking portfolio and VoIP expertise, the acquisition provides customers with a rich product offering spanning a complete portfolio of wireline access products. BroadLight also extendsBroadcom's broadband access roadmap to support customer requirements for rolling out next-generation fiber networks worldwide.

"The BroadLight acquisition strengthens our IP and product portfolio with high performance, flexible GPON products, increasing the addressable market of our broadband communications business," said Dan Marotta,Broadcom's Executive Vice President andGeneral Manager,Broadband Communications Group. "BroadLight accelerates our time-to-market in GPON, adds important OLT products and technology and enhances our longer-term fiber roadmap."

In connection with the acquisition, Broadcompaid approximately $195 million subject to certain adjustments, net of cash assumed, to acquire all of the outstanding shares of capital stock and other equity rights of BroadLight. The purchase price was paid in cash, except that a portion of the purchase price attributable to unvested employee stock options will be paid inBroadcom restricted stock units.  Additional consideration was reserved for future payment upon satisfaction of certain performance goals. Excluding any purchase accounting related adjustments or fair value measurements,Broadcom expects the acquisition of BroadLight to be approximately neutral to earnings per share in 2012.