Broadcom Nears Deal to Buy CA Technologies for About $18 Billion

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Broadcom
Inc.

AVGO -2.84%

is nearing a deal to purchase software program firm

CA Applied sciences

CA zero.16%

for about $18 billion, in response to individuals aware of the matter.

Broadcom is to pay $44.50 a share for CA, previously referred to as Pc Associates, the individuals stated. Assuming it doesn’t disintegrate on the final minute, the deal might be introduced later Wednesday. CA shares have been buying and selling at $37.21 Wednesday afternoon.

The takeover can be a significant strategic transfer for Broadcom, coming simply months after its $100 billion-plus hostile bid for

Qualcomm
Inc.

QCOM -1.83%

was blocked by President Donald Trump. The transfer would assist diversify the chip maker, which lately moved its headquarters to the U.S. from Singapore.



Supply hyperlink – https://www.wsj.com/articles/broadcom-nears-deal-to-buy-ca-technologies-for-about-18-billion-1531339706?mod=pls_whats_news_us_business_f

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