logo
Plus   Neg
Share
Email

Broadcom Closes Acquisition Of CA Technologies

Broadcom Inc. (AVGO) said that it has completed its acquisition of CA Technologies (CA). CA's common stock will now cease to be traded on the NASDAQ and CA will operate as a wholly owned subsidiary of Broadcom.

Broadcom said that mainframes remain the backbone of the enterprise-computing environment, running mission-critical applications. It is estimated that mainframes process approximately 30 billion transactions per day and $7 trillion of credit card payments annually. Given the importance of mainframes to large enterprises, Broadcom believes the acquisition of CA provides a strong and stable market opportunity for the company.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon.com Inc.'s (AMZN) Chief Executive Jeff Bezos has told the company's employees said that the tech giant is not too big to fail, according to media reports. Shares of Nordstrom Inc. (JWN) slipped 10 percent in extended hours on Thursday after the department store chain's full-year revenue outlook fell short of Street estimates. Seattle-based Nordstrom's third-quarter profit dropped to $67 million or $0.39 per share from $114 million or $0.67 per share... Shares of Nvidia Corp. (NVDA) plunged 16% in extended session on Thursday after chip designer's third-quarter revenues and fourth quarter outlook fell short of Wall Street estimates. Santa Clara, California-based Nvidia's third-quarter profit surged to $1.23 billion or $1.97 per share from $838 million...
Follow RTT