Broadcom buys NetLogic Microsystems for $3.7b in cash, hopes to add more processors to lineup

You've probably never heard of NetLogic Microsystems, but you can bet that its technologies may very well end up in your next smartphone, tablet or vehicle. Broadcom has just announced its intentions to pick up the aforesaid company for a cool $3.7 billion in cash, with the "definitive merger agreement" already approved by the boards of both. According to Broadcom, the deal will extend its portfolio with "a number of critical new product lines and technologies, including knowledge-based processors, multi-core embedded processors, and digital front-end processors," and according to a televised CNBCinterview with president and CEO Scott McGregor, he's hoping to extend Broadcom's reach in the automotive industry. His view? We're getting dangerously close to streaming television (and more) to a serious quantity of motorcars, but beyond wild aspirations, there doesn't seem to be too many hard plans being made public. The full release is hosted up after the break.