Oct 10, 2018 - Technology

Rand Paul formally asks Treasury for review of Broadcom-CA merger

Senator Rand Paul

Photo by Tasos Katopodis/Getty Images

Sen. Rand Paul (R-Ky.) sent a letter Wednesday to Treasury Secretary Steve Mnuchin formally requesting a national security review of Broadcom's proposed $18 billion takeover of software maker CA Technologies, Axios has learned.

The backdrop: Paul first expressed his interest in a review by the Committee on Foreign Investment in the United States (CFIUS) during a Senate hearing this morning on homeland security. Broadcom then disclosed the existence of an allegedly forged memo circulating through Congress, which also called for a CFIUS review. However, Paul's chief strategist tweeted that he hadn't seen that memo, and that it didn't affect Paul's decision.

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