Software

Broadcom Acquiring CA Technologies For $18.9 Billion

3 days ago   |   By Android Headlines

Broadcom announced that it is going to be acquiring CA Technologies for around $18.9 billion in a cash offer, instead of offering up stock. If this deal is approved, it would be a big win for Broadcom , after it was blocked from its hostile takeover of Qualcomm earlier this year. This deal between Broadcom and CA Technologies values the latter at $44.50 per share, which is about a premium of around 20-percent of the closing price on CA yesterday. However it did rise around 17-percent in after hours trading, and early trading on July 12.
This acquisition would continue Broadcom's strategy...
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