Broadcom has a new strategy: Roll up enterprise software companies [CNBC]
Broadcom Inc. (AVGO)
Last broadcom inc. earnings: 3/12 04:15 pm
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Source: CNBC
show chapters The semiconductor company that tried and failed to buy Qualcomm has a new strategy -- become a serial infrastructure software acquirer. Broadcom, which announced on Wednesday that it's buying CA for almost $19 billion, is turning away from rolling up semiconductor companies and toward buying up mainframe and infrastructure software companies. Broadcom plans to use CA as a new software platform to buy and merge other, similar software companies, according to people familiar with the matter. Broadcom CEO Hock Tan views infrastructure software companies as similar to the hyper-fragmented semiconductor industry from about seven years ago, one of the people said. That makes software ripe for acquisitions and follow-on cost cutting -- Tan's specialty. One possible candidate could eventually be BMC, which sells software to help companies manage their IT operations. BMC was reportedly in talks to merge with CA last year, then was scooped
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AVGO
Earnings
- 3/7/24 - Beat
AVGO
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- AVGO's page on the SEC website