Home / Business / Broadcom approaches the agreement to buy CA Technologies for about $ 18 billion

Broadcom approaches the agreement to buy CA Technologies for about $ 18 billion



Broadcom
Inc.


AVGO -2.84%

is nearing an agreement to buy a software company

CA Technologies


CA 0.16%

for around $ 18 billion, according to people familiar with the matter.

Broadcom will pay $ 44.50 per share for CA, formerly known as Computer Associates, the people said. Assuming it does not collapse at the last minute, the agreement could be announced later on Wednesday. CA shares were trading at $ 37.21 on Wednesday afternoon.

The acquisition would be a major strategic move for Broadcom, which occurs a few months after its hostile offer of more than $ 100 billion for

Qualcomm
Inc.


QCOM -1.83%

was blocked by President Donald Trump. The move would help diversify the chipmaker, which recently moved its headquarters to the US. UU From Singapore.

.


Source link