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Broadcom will acquire CA Technologies for $18.9 billion, just 4 months after Trump blocked its acquisition of Qualcomm
The $108 billion semiconductor company Broadcom announced the deal to acquire CA Technologies for $18.9 billion on Wednesday.
The San Diego-based chipmaker confirmed it will hold mass layoffs in San Diego, San Jose and Santa Clara around June 19, 2018.
Broadcom has moved ...
Qualcomm kicked its former CEO off the board after he said he might try to buy the $89.7 billion company
Paul Jacobs denounced his removal but praised the company for considering a potential offer.
News of a potential buyout comes just days after President Donald Trump blocked Qualcomm's acquisition by a rival chipmaker.
FILE PHOTO: Singapo...
President Trump issued an executive order Monday blocking Broadcom's takeover of Qualcomm.
The president issued an executive order blocking the acquisition on Monday.
Qualcomm's executives had been resisting the deal, but they've come around to the idea of it.