Broadcom wants to buy CA Technologies for almost 19 billion dollars

Jul

12

2018

Singaporean chip maker Broadcom has signed an agreement with CA Technologies to acquire the company for $ 18.9 billion. Both companies have announced this. Broadcom hopes that the acquisition will be completed before the end of the year.

Broadcom pays shareholders $ 44.50 per share, the company reports . Broadcom does not exactly state why it would like to take over CA Technologies, but that after the acquisition it also has knowledge in the field of software, in addition to expertise in the semiconductor industry. CA Technologies makes software for the business market.

The American chipmaker says that it expects a higher gross profit in the coming years thanks to the takeover. Broadcom must be allowed to take over CA in Japan, the US and the EU. CA has its headquarters in New York, but since the acquisition of WatchMouse in 2011, there is also a branch in Utrecht. More than ten thousand people work at the company. Broadcom long wanted to take over the American competitor Qualcomm, but the American government stopped that .

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