Nov 6, 2018

Broadcom finalizes takeover of CA Technologies

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

Go deeper

Axios

Updated 48 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of 11:30 a.m. ET: 5,850,258 — Total deaths: 361,249 — Total recoveries — 2,444,898 — Map.
U.S.: Total confirmed cases as of 11:30 a.m. ET: 1,724,873 — Total deaths: 101,698 — Total recoveries: 399,991 — Total tested: 15,646,041 — Map.
Public health: Hydroxychloroquine prescription fills exploded in March —How the U.S. might distribute a vaccine.
Business: Many poor and minority families can't afford food or rent.
2020: Trump courts Asian American vote amid coronavirus.
⚽️ Sports: European soccer's push to return.

Other resources (<1 min. read)

Scott Rosenberg

2 hours ago - Politics & Policy

Trump's big, empty beef with Twitter

Illustration: Aïda Amer/Axios

President Trump finally acted on his now year-old threat to take action against social media platforms for alleged bias against conservatives. But so far, according to experts in both government and the industry, the threat looks mostly empty.

Driving the news: Trump escalated his war on Twitter Friday morning, tweeting repeatedly that the company needs to be regulated after it overnight added a warning label to a tweet of his calling for the military to start shooting looters, which violated Twitter’s rules against glorifying violence.

Go deeper (2 min. read)

Mike Allen, Ursula Perano

Updated 3 hours ago - Politics & Policy

In photos: Protests over George Floyd's death grip Minneapolis

The Third Police Precinct burns in Minneapolis on Thursday night. Photo: Stephen Maturen/Getty Images

Demonstrators demanding justice burned a Minneapolis police station and took control of the streets around it last night, heaving wood onto the flames, kicking down poles with surveillance cameras and torching surrounding stores.

What's happening: The crowd was protesting the death of George Floyd, an unarmed black man whose life was snuffed out Tuesday by a white Minneapolis police officer who kneeled on his neck for about eight minutes.

Go deeper (1 min. read)