Broadcom acquires SoC company Gigle Networks

Semiconductor developer Broadcom has completed its acquisition of Gigle Networks, a privately-held company that develops system-on-chip (SoC) solutions for home networking over power lines.

Broadcom paid approximately $75m to acquire all outstanding shares of capital stock and other rights of Gigle Networks and expects the acquisition to be dilutive by approximately $0.01 per share in 2011.