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Broadcom deal to buy CA makes little sense on the surface

Market Watch
Broadcom deal to buy CA makes little sense on the surface

Broadcom Inc.'s surprise $18.9 billion deal to buy software company CA Inc. makes little sense on the surface, but signals a new direction for the tech conglomerate, possibly turning itself into a private-equity player. Late Wednesday, Broadcom AVGO, +0.39% confirmed it would buy CA CA, -0.02% ,