Brocade Communications (BRCD) Said in Advanced Talks to Sell Itself (AVGO)

October 31, 2016 12:37 PM EDT

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(Updated - October 31, 2016 12:42 PM EDT)

Brocade Communications (NASDAQ: BRCD) said in advanced talks to sell itself, according to Bloomberg headlines.

UPDATE -Sources said that Brocade is nearing the final stages of a sales process.

Broadcom (Nasdaq: AVGO) is said to be one of the interested parties.

No deal has been reached and discussions may fall apart before a final agreement is made. The potential deal could be announced as soon as this week.

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