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A Broadcom Play Off of CA Acquisition News

Real Money Pro

It's pretty much a universal hate-fest on Broadcom (AVGO) this morning after the company announced it would spend $19 billion in cash to purchase CA, Inc. (CA) . Cash acquired via financing. This move from hardware purchases to a software company has left many scratching their heads. AVGO's roll-up strategy has been on point up until this point. A huge $115+ billion deal to buy Qualcomm (QCOM) was blocked and the company proceeded to announce a huge $12 billion stock buyback as well as stating it would make small, bolt-on acquisitions. The numbers tossed about were $5 billion-$10 billion....397 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.