Jul
12
Broadcom Reaches Nearly $19 Billion Deal to Buy CA Technologies
ByBroadcom has agreed to buy the software maker CA Technologies for nearly $19 billion, according to the two companies.
The acquisition by Broadcom, which has become a formidable competitor in the semiconductor market in the past decade, would be the first major move by the company since its $117 billion bid for Qualcomm was blocked by the Trump administration in March.
The Trump administration thwarted the Qualcomm deal citing national security concerns. White House officials said that allowing Qualcomm, an American leader in smartphone chips and wireless technology, to be taken over by a foreign company might strengthen China’s hand in a strategic industry…
Broadcom Reaches Nearly $19 Billion Deal to Buy CA Technologies
