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Broadcom to buy CA Technologies for $19 billion USD

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12.07.2018

Semiconductor manufacturer Broadcom Inc. is buying New York City-based software firm CA Technologies for $18.9 billion (all figures USD), in a bid to create what the former calls “one of the world’s leading infrastructure technology companies.”

The news was announced Wednesday after first being reported in the Wall Street Journal.

The acquisition has been approved by the boards of directors of both companies and will see CA’s shareholders receiving $44.50 per share in cash – a 20 per cent premium on CA’s share price on July 11 prior to the announcement.

In a statement, Broadcom president and CEO Hock Tan called the acquisition “an important building block as we create one of the world’s leading infrastructure technology companies.”

“With its sizeable installed base of customers, CA is uniquely positioned across the........

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