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Chipmaker Broadcom inks $19 billion deal to buy software company CA

Reuters 

By Greg Roumeliotis and Stephen Nellis(Reuters) - Broadcom Inc announced a $18.9 billion deal to buy U.S. business software company CA Inc on Wednesday, venturing far beyond its realm of semiconductors and testing investors' confidence in its Chief Executive Hock Tan's dealmaking credentials.The CA deal, outlined in a joint statement from the companies, comes just four months after U.S. President Donald Trump blocked Broadcom's $117 billion hostile bid for semiconductor peer Qualcomm Inc, arguing it posed a threat to U.S. national security and gave an edge to Chinese companies looking to ...

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First Published: Thu, July 12 2018. 08:22 IST
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