U.S. Markets close in 4 hrs 14 mins

Jilted Broadcom Goes on the Rebound. Too Bad It’s CA.

Shira Ovide, Brooke Sutherland
Jilted Broadcom Goes on the Rebound. Too Bad It’s CA.

Rebound relationships are never a good idea. Someone should tell that to Broadcom Inc. The computer-chip maker, fresh off being jilted in its attempted takeover of Qualcomm Inc., reached an agreement to buy CA Inc. To put it simply, this acquisition is illogical.