Deals

Broadcom to Buy CA Technologies for $18.9 Billion in Cash

Deal would give chipmaker a foothold in business software
CEO Hock Tan returns to M&A following block of Qualcomm bid

Broadcom is buying CA Technologies for $18.9 billion. Bloomberg’s Jason Kelly reports.." (Source: Bloomberg)

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By Ian King

July 11, 2018 at 10:47 PM UTC

Updated on

July 11, 2018 at 11:12 PM UTC

This article is for subscribers only.

Broadcom Inc., a semiconductor maker whose acquisitions have reshaped the chip industry, agreed to acquire CA Technologies for $18.9 billion in cash, branching out into corporate software to diversify its business.

Broadcom will pay $44.50 per share, a 20 percent premium to the CA’s closing price on Wednesday, the companies said in a statement after markets closed for the day. The deal will immediately add to Broadcom’s earnings once completed, which is expected in the fourth quarter.