Weirdest. Acquisition. Ever. Broadcom buys CA Technologies

Discussion in 'Industry News' started by Calliers, Jul 12, 2018.

  1. Calliers

    Calliers HH's MC Staff Member

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    CA Technologies, long a byword for making acquisitions, has been acquired by Broadcom.

    The US$18.9 billion cash purchase of the software company is so distant from Broadcom’s chip business that it will probably not face the same regulatory problems that derailed Broadcom's takeover offer for Qualcomm.

    Announcing the deal, Broadcom said the acquisition was part of its strategy to buy “established mission-critical technology businesses”.

    That’s a fair enough description to apply to a company founded in the second half of the 1970s as “Computer Associates” by Charles Wang and Russell Artzt. The pair targeted the then-nascent market for third-party mainframe software and thrived, largely by acquiring other companies.
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    Source: theregister.co.uk
     

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