Broadcom Co-Founder Sells Stake Worth 360 Billion Won Amid $2.5 Billion Tender Offer

Broadcom Inc. (Nasdaq: AVGO) announced on June 11 that it has launched a tender offer to purchase for cash up to $2.5 billion aggregate principal amount of its senior notes maturing between 2030 and 2038, with an option to increase the purchase limit if needed.

On the same day, insider Harry L. You acquired 1,000 shares of Broadcom common stock on the open market at approximately $373.57 per share, investing about $370,000 and raising his direct holdings to roughly $14 million in market value.

Co-founder and insider Henry Samueli, pursuant to a pre-arranged Rule 10b5-1 trading plan, sold approximately 668,000 shares in tranches on June 24 at prices between $377 and $388 per share, generating about $256 million in proceeds. Despite a series of internal transfers, he still holds shares valued at approximately $18 billion.

Earlier, on June 3, Broadcom reported its second-quarter fiscal 2026 results and declared a quarterly dividend of $0.65 per share. On June 17, the company provided additional details on the pricing terms and final purchase amounts for each series of notes in the tender offer.

Broadcom is a U.S. semiconductor company that supplies both data-center and communications-infrastructure chips along with infrastructure software. Alongside issuing long-term debt, the company has employed large-scale debt tender offers such as this one to optimize its capital structure.