Nov 6, 2018 - Technology

Broadcom finalizes takeover of CA Technologies

Dan Primack

Broadcom building — Photo: Mark Boster/Los Angeles Times via Getty Images

Broadcom has completed its $18.9 billion takeover of enterprise software company CA Technologies.

Why it matters: Because it appears Sen. Rand Paul's last-minute appeal for a CFIUS review fell on deaf ears at Treasury. Also, there's still an ongoing federal investigation into possible stock price manipulation related to that forged memo.

Bonus: Broadcom announced that it will sell cybersecurity company Veracode, which CA bought last year for $614 million, to private equity firm Thoma Bravo for $950 million.

The bottom line: "Sam King will become the CEO of Veracode following the close of the transaction, which is expected to be completed in the fourth quarter of 2018. King said that while at CA, the Veracode business unit was focused on applications security exclusively and had a dedicated team carrying out product development as well as go to market functions. She added that the same team will continue to function as a business unit of Broadcom until the deal closes between Broadcom and Thoma Bravo." — Sean Michael Kerner, eWeek

Add Axios on Google

Broadcom finalizes takeover of CA Technologies

What to read next