Broadcom's $18.9 Billion Buy of CA Gets U.S. Antitrust Clearance
24 Agosto 2018 - 2:28PM
Dow Jones News
By Colin Kellaher
Broadcom Inc. (AVGO) on Friday said it received U.S. antitrust
clearance for its $18.9 billion acquisition of software company CA
Technologies (CA).
The chip giant in July announced the surprise deal for CA months
after its $117 billion-plus hostile bid for Qualcomm Inc. (QCOM)
was blocked by President Trump.
Broadcom said the U.S. antitrust waiting period under the
Hart-Scott-Rodino act has expired for the acquisition.
The transaction remains subject to antitrust approvals in the EU
and Japan, as well as the approval of CA shareholders. Broadcom
said it expects to complete the acquisition by the end of 2018.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
August 24, 2018 08:13 ET (12:13 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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