Deals

Broadcom's Tan Tests Deal-Making Reputation With CA Buy

Convincing investors of value of the purchase is next for CEO
Company says move into new areas been planned ‘for awhile’

Broadcom Agrees to Buy CA Technologies in $18.9 Billion Deal

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By Ian King

July 12, 2018 at 2:16 AM UTC

Updated on

July 12, 2018 at 10:24 AM UTC

This article is for subscribers only.

After almost a decade of deals that have been lauded by the market, Broadcom Inc. Chief Executive Officer Hock Tan has some explaining to do about his latest target.

Broadcom’s planned $18.9 billion purchase of corporate software maker CA Technologies, unveiled late Wednesday, represents a leap into a completely different area of electronics with no significant overlap with the semiconductor industry Tan has so successfully reshaped.