Broadcom turns to software with odd $19-billion deal

Raising many an eyebrow, Broadcom (AVGO) announced that it would buy CA Technologies (CA) for $18.9 billion in cash. This deal between the two varied companies, which was cleared by both Boards, is expected to close by the fourth quarter this year. CA shares jumped 16.88% to $43.39 pre-market as soon as the news of … Continue reading Broadcom turns to software with odd $19-billion deal