Broadcom Buys Firm to Boost Video Volume

Irvine-based Broadcom Corp. acquired privately held Sand Video Inc., a maker of video compress technology for semiconductors, for $77.5 million in cash and stock.

Broadcom said it would issue 1.67 million shares, worth $70.1 million at Tuesday’s closing price, and pay $7.4 million in cash to acquire Andover, Mass.-based Sand.

Broadcom shares rose 14 cents to $42.19 on Nasdaq.