Silver Lake to write $2.5 bln equity check for Broadcom deal: Bloomberg

Silver Lake is expected to write a $2.5 billion equity check to back Broadcom Ltd.’s $130 billion buy of Qualcomm Inc, Bloomberg reported. The $2.5 billion check, Silver Lake’s biggest equity commitment ever, is part of $5 billion in convertible debt financing the PE firm has arranged for the deal, the story said. Broadcom is prepared to launch a proxy battle if Qualcomm spurns its $70-a-share offer, Bloomberg said.