SAN FRANCISCO—Networking chipmaker PMC-Sierra Inc. has had discussions with potential buyers over the last few months, according to a Reuters news service report that cites unnamed sources.
According to the report, PMC's board of directors is considering the sale of the company under pressure from an activist investor. In the investor, Ralph Whitworth, founder of Relational Investors, said in a regulatory filing in January that the firm acquired a 7.17 percent stake in PMC and said the company should explore strategic alternatives, according to the report.
Sources told Reuters that a deal for PMC is not imminent, according to the report, which speculates that Marvell Technology Group Ltd. and Broadcom Corp. could be potential buyers of the Sunnyvale, Calif.-based firm.
A spokeswoman for PMC did not immediately respond for requests for comment on the Reuters report.