Broadcom’s Tan Tests Deal-Making Reputation With CA Software Buy

11 Jul by Vitaliy Dadalyan

Broadcom’s Tan Tests Deal-Making Reputation With CA Software Buy

After almost a decade of deals that have been lauded by the market, Broadcom Inc. Chief Executive Officer Hock Tan has some explaining to do about his latest target. Broadcom’s planned $18.9 billion purchase of corporate software maker CA Technologies, unveiled late Wednesday, represents a leap into a completely different area of electronics with no significant overlap with the semiconductor industry Tan has so successfully reshaped. As analysts scrambled to understand the strategy behind the deal, concerns about how enterprise software fits into Broadcom’s business sent the stock tumbling more than 6 percent in extended trading.

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Source:: https://finance.yahoo.com/news/broadcoms-tan-tests-deal-making-021647180.html

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