Broadcom loses $25bn in value after CA bid

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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 ...

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