The data center drives Avago’s planned $6.6B LSI buy

Avago Technologies (s avgo) has agreed to buy LSI Corp. (s LSI) for $11.15 per share in an all-cash transaction valued at $6.6 billion. The deal will add LSI’s enterprise storage capabilities to Avago‚Äôs networking and industrial businesses. As the data center consolidates and becomes more virtualized the chip industry is reacting with more integration. This deal can be seen as an extension of that trend.