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Broadcom buys biz software firm for $19 bn

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San Francisco : Semi-conductor giant Broadcom, which recently failed in a bid to buy US rival Qualcomm, announced a cash deal to buy software and services firm CA Technologies for $18.9 billion.

Broadcom described CA as a major provider of information technology management software, in an acquisition that would help the chip maker diversify its offerings.

“This transaction represents an important building block as we create one of the world’s leading infrastructure technology companies,” Broadcom CEO Hock Tan said.