| Title | Chipmaker Broadcom Plans $19 Billion Deal to Buy Software Company CA | |
| Date | Thursday July 12 2018, @12:42PM | |
| Author | mrpg | |
| Topic | ||
| from the that's-a-lot-of-CDs dept. | ||
Submitted via IRC for Fnord666
Broadcom Inc plans to acquire U.S. business software company CA Inc in a $19 billion deal aimed at diversifying Broadcom beyond semiconductors, but Wall Street analysts were immediately skeptical.
The deal announced on Wednesday would come just four months after U.S. President Donald Trump blocked Broadcom's $117 billion hostile bid for semiconductor peer Qualcomm Inc because it posed a threat to U.S. national security and gave an edge to Chinese companies looking to build next-generation wireless networks.
Since then, Broadcom has redomiciled from Singapore to the United States, placing it formally outside the purview of the Committee on Foreign Investment in the United States (CFIUS), the government panel that reviews deals for potential national security risks.
Source: Chipmaker Broadcom plans $19 billion deal to buy software company CA
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printed from SoylentNews, Chipmaker Broadcom Plans $19 Billion Deal to Buy Software Company CA on 2024-04-19 23:36:17