Broadcom agrees to buy CA Technologies for $19 billion

14 Juillet, 2018, 02:08 | Auteur: Auguste Feret
  • Broadcom Reports Quarterly Earnings

Broadcom Inc. shares fell almost 14% on Thursday, showing the challenge Chief Executive Hock Tan faces in persuading investors that his $18.9 billion purchase of the software company CA Technologies makes sense for the chip giant.

The deal, which took Wall Street analysts by surprise, came after U.S. President Donald Trump stopped the company from trying to buy Qualcomm earlier this year.

"This transaction represents an important building block as we create one of the world's leading infrastructure technology companies", Broadcom Chief Executive Hock Tan said in a statement.

Below is a timeline of Avago's/Broadcom's major deals in the past six years.

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Broadcom made an unsolicited $103 billion bid for Qualcomm Inc, setting the stage for a takeover battle that could reshape the industry at the heart of mobile phone hardware.

Broadcom is making another run at buying a US tech company just months after President TrumpDonald John TrumpEx-Russia ambassador: Trump has done more damage to North Atlantic Treaty Organisation in months than Russia has in decades Trump takes credit for increased defense spending by North Atlantic Treaty Organisation allies, but says "it isn't almost enough" Trump questions how Russia probe can "proceed" given Federal Bureau of Investigation agent's private comments MORE blocked the firm's hostile takeover of Qualcomm. It has since completed that move, but US officials refused to budge.

CA Technologies, founded as Computer Associates in 1976, sells a wide range of information technology systems and software products used in cloud computing, mainframe and virtual machine environments. The CEO built Broadcom into a chip powerhouse largely by acquiring companies.

Avago Technologies Ltd said it will buy optical chip and component maker CyOptics Inc for about $400 million in cash.

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