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Broadcom reaches nearly $19 billion deal to buy CA Technologies

SFGate Thursday, 12 July 2018
Broadcom has agreed to buy 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, a U.S. leader in smartphone chips and wireless technology, to be taken over by a foreign company might strengthen China’s hand in a strategic industry.
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News video: Broadcom Agrees to Buy CA Technologies in $18.9 Billion Deal

Broadcom Agrees to Buy CA Technologies in $18.9 Billion Deal 01:14

Jul.12 -- Broadcom Inc. agreed to acquire CA Technologies for $18.9 billion in a deal that allows the chipmaker to expand into corporate software. Bloomberg's Jason Kelly reports on "Bloomberg Daybreak: Americas."

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