Broadcom Buying CA For $19 billion
Thursday July 12, 2018. 01:16 AM , from Slashdot
Broadcom on Wednesday announced plans to buy IT management software company CA for $18.9 billion in cash, just months after U.S. regulators blocked Broadcom's deal to buy fellow chip-maker Qualcomm. Some history of CA, via CNBC reporter Ari Levy: 14 years ago CA was called Computer Associates. The former CEO was charged with securities fraud, conspiracy and obstruction of justice. The lead prosecutor was a Deputy Attorney General by the name James Comey. 'The investigators in this case went up against highly sophisticated and allegedly corrupt corporate executives who used every means at their disposal to delay, deceive and derail the government's investigation,' Comey said. 'The Computer Associates story also includes a failed cover-up, replete with lies to government investigators, lies under oath, and the use of attorneys to obstruct and impede the government's investigation of this fraud,' he said.
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