Broadcom loses $25bn in value after CA bid

By on
Broadcom loses $25bn in value after CA bid

Investors confused by move.

Chipmaker Broadcom surprise bid to buy software company CA for US$18.9 billion (AU$25.5 billion) wiped off the same amount from its market value on Thursday, with investors and analysts struggling to find a clear reason for the deal. Citing an acquisition with no potential synergies, investors ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
broadcom ca finance

Most Read Articles

Bankwest CIO says Agile incubators “doomed to failure”

Bankwest CIO says Agile incubators “doomed to failure”
Malware drive-by attack triggered Australia's first cyber emergency

Malware drive-by attack triggered Australia's first cyber emergency
NBN Co threatens to halt future FTTN upgrades

NBN Co threatens to halt future FTTN upgrades
DoH! Microsoft to build DNS over HTTPS into Windows 10

DoH! Microsoft to build DNS over HTTPS into Windows 10
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Are you getting profitable outcomes from your IT?
Are you getting profitable outcomes from your IT?
Your Microsoft Security journey starts here
Your Microsoft Security journey starts here
Is your AWS framework well-architected?
Is your AWS framework well-architected?
Why you should reassess your cybersecurity posture
Why you should reassess your cybersecurity posture
How will you manage the cloud data deluge?
How will you manage the cloud data deluge?

Events

Log In

Username / Email:
Password:
  |  Forgot your password?