Broadcom announces $18.9 billion deal to buy CA Technologies

Broadcom announces $18.9 billion deal to buy CA Technologies
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Broadcom is making another run at buying a U.S. tech company just months after President TrumpDonald John TrumpTrump rallies in Nevada amid Supreme Court flurry: 'We're gonna get Brett' Trump: 'Good news' that Obama is campaigning again Trump boosts Heller, hammers 'Wacky Jacky' opponent in Nevada MORE blocked the firm’s hostile takeover of Qualcomm.

The company announced on Wednesday an all-cash deal to buy CA Technologies, a software firm based in New York City, for $18.9 billion, with CA investors receiving $44.50 per share.

The agreement comes in the wake of Trump’s order blocking its bid for Qualcomm, citing national security concerns. The administration said it was worried that Broadcom, which was based in Singapore at the time, would hamper efforts to develop next-generation wireless technology.

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Broadcom, which had tried to vigorously push back on regulators’ worries, has since relocated its headquarters to San Jose, Calif.

"This transaction represents an important building block as we create one of the world's leading infrastructure technology companies,” Broadcom CEO Hock Tan said in a statement.

“With its sizeable installed base of customers, CA is uniquely positioned across the growing and fragmented infrastructure software market, and its mainframe and enterprise software franchises will add to our portfolio of mission critical technology businesses.”

It’s unclear whether the latest deal will receive the same sort of scrutiny as the hostile takeover bid received earlier this year.