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Why Broadcom Chose CA Technologies as Its Next Acquisition Target

Paige Tanner
Why Broadcom Chose CA Technologies as Its Next Acquisition Target

Broadcom (AVGO) stock fell 13.75% on July 12, a day after the company announced plans to acquire mainframe software provider CA Technologies (CA) in an all-cash deal of $18.9 billion. This deal comes four months after President Trump blocked Broadcom’s $117.0 billion acquisition of Qualcomm (QCOM).