NetLogic Shareholders Approve Acquisition by Broadcom

NetLogic Microsystems, Inc., in intelligent semiconductor solutions for next-generation Internet networks, announced that at a special meeting of stockholders held on November 22, 2011, its stockholders approved the adoption of the merger agreement among NetLogic Microsystems, Broadcom Corporation and I&N Acquisition Corp., pursuant to which NetLogic would be acquired by Broadcom for $50.00 per share in cash.

Of the 69,596,864 shares of NetLogic common stock outstanding as of the record date for the special meeting, 55,837,168 shares, or approximately 80.23% of NetLogic’ outstanding common stock, were represented at the special meeting in person or by proxy. An aggregate of 55,623,503 shares, or approximately 77.92% of NetLogic’ common stock outstanding as of the record date for the special meeting, were voted in favor of the adoption of the merger agreement.

The completion of the merger remains subject to the satisfaction of certain closing conditions, including the receipt of clearance by the Chinese Ministry of Commerce under the Chinese Antimonopoly Law.