MaxLinear to buy Entropic Communications

Entropic Communications Inc. (Nasdaq: ENTR) widened fourth quarter losses to 28 cents per share from 13 cents per share a year earlier as revenue fell but the company announced that it was being acquired by MaxLinear Inc. (NYSE: MXL) in a cash and stock deal valued at approximately $287 million. Shares of Entropic Communications gained 35 cents to $3.05 while MaxLinear stock rose 35 cents to $8.87.