Emulex board of directors to buy all existing shares of Emulex for $764 million, or $9.25 per share, a 40% premium over the stock's closing price on April 20, 2009. After Emulex's board of directors recommended against the sale, Broadcom increased its offer to $11 per share on June 30, which valued the company at $925 million. On July 9, 2009, it too was rejected Broadcom subsequently withdrew its offer.

In February 2015, Avago Technologies Limited announced it would acquire Emulex for $8 per