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This Is Broadcom’s Latest Acquisition

Sean Allen
This Is Broadcom’s Latest Acquisition

Broadcom (AVGO) dropped its bid to acquire Qualcomm (QCOM) earlier this year. However, the company announced on July 11 that it had reached an agreement to acquire CA Technologies, a massive IT management software and solutions provider, for $18.9 billion in cash. Broadcom stock fell 2.8% that day. The bid represents a 20% premium on CA technology’s July 11 stock price.