Broadcom Reaches Nearly $19 Billion Deal to Buy CA Technologies [The New York Times]
Xtrackers California Municipal Bonds ETF (CA)
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Source: The New York Times
Image Broadcom has agreed to buy CA Technologies for nearly $19 billion. The deal would add CA Technologies’ software portfolio to Broadcom’s hardware expertise. Credit Mike Blake/Reuters July 11, 2018 Broadcom 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, then headquartered in Singapore, had stated its intention to move its headquarters to the Unit
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