Marvell to Pay $7.5 Billion For Cavium Co-founded by Pakistani-American NEDUET Alum
From the Blog riazhaqMarvell Technology announced on November 20 that it would buy Cavium in a $6 billion stock deal, according to CNBC News. The value of the deal jumped to $7.5 billion at the close of market on November 22, 2017. Raghib HusainRaghib Husain, Pakistani-American cofounder of Cavium and an alumnus of NED University of Engineering Technology, sent the following email today confirming the deal to his friends: *"Now that the news is public you must have figured out why I was so busy lately. It's a day with mixed feelings for me. It's like sending 17yrs old off to college. In any case I'm thankful to Allah to give us opportunity to experience this."* *"To summarize: I started Cavium with Syed in late 2000, took public in 2007 with a Market cap of about $600M, ten years later in 2017, we apakistanblogs.blogspot.comRead Full Post
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