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11

Broadcom to Buy CA Technologies for $18.9 Billion in Cash

By Tony Seruga

Deal would give chipmaker a foothold in business software
CEO Hock Tan returns to M&A following block of Qualcomm bid

Broadcom Inc., a semiconductor maker whose acquisitions have reshaped the chip industry, agreed to acquire CA Technologies for $18.9 billion in cash, branching out into corporate software to diversify its business.

Broadcom will pay $44.50 per share, a 20 percent premium to the CA’s closing price on Wednesday, the companies said in a statement after markets closed for the day. The deal will immediately add to Broadcom’s earnings once completed, which is expected in the fourth quarter…

Broadcom to Buy CA Technologies for $18.9 Billion in Cash

Categories : Private Equity

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