Shares of Broadcom have risen by 1.9% after news broke that the chip making company was entering into two year supply agreement with Apple. Under this agreement, Broadcom will be providing radio frequency, front end components and modules to various Apple products. This includes smartphones, according to the security filing of the same.
Shares for Shutterfly declines by 0.7% in the extended duration of trading after the company which works in digital imaging announced their deal with Apollo Global Management which will take the company private. The firm saw an increase in stock prices by 2.7% the day before it was halted after the agreement. Apollo Funds has stated that they will be paying $51 for a share in cash to Shutterfly.
Zynga, a social gaming firm, saw a fall of 1.6% after a proposed $600 million private debt offering. This debt will easily be converted to cash, Zynga common stock, or a combination of both.
