Broadcom to buy CA

By Agencies – Global Times Source:Agencies – Global Times Published: 2018/7/12 22:12:50

Chipmaker Broadcom announced Wednesday that it has agreed to acquire information technology management software company CA Technologies for $18.9 billion in cash.

US-based CA Technologies is one of the world's leading providers of information technology management software and services, whose business will not overlap with that of California-based Broadcom.

Broadcom, as a top chipmaker, mainly provides components for computers, smartphones and networking equipment, according to a statement on the company's website.

Broadcom said the merger, which has been approved by the boards of directors of both companies, will be closed by the end of this year.

The latest acquisition will represent the expansion of the semiconductor powerhouse into an entirely new area featuring cloud-based and traditional enterprise software business, industry observers said.



Posted in: ECONOMY,COMPANIES

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