Jul 11, 2018 - Technology
Broadcom buying CA for $19 billion
Broadcom on Wednesday announced plans to buy IT management software company CA for $18.9 billion in cash, just months after U.S. regulators blocked Broadcom's deal to buy fellow chip-maker Qualcomm.
The bottom line: The Qualcomm experience suggested that Broadcom, which was based in Singapore before redomiciling to the U.S., is unlikely to get regulatory approval for another chip deal. So it's going with a software play instead — kind of like when Intel bought McAfee (even though Intel is trying to extricate itself from that deal.)