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Broadcom gets EU antitrust nod for CA Technologies deal

Published 10/12/2018, 04:31 PM
Updated 10/12/2018, 04:40 PM
© Reuters. A sign to the campus offices of chip maker Broadcom Ltd, who announced on Monday an unsolicited bid to buy peer Qualcomm Inc for $103 billion, is shown in Irvine, California
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(Reuters) - Chipmaker Broadcom (NASDAQ:AVGO) Inc said on Friday it has obtained antitrust clearance from the European Union for its $19-billion deal to acquire software company CA Technologies Inc.

Broadcom had on Wednesday said a memo, purportedly signed by the U.S. Department of Defense and circulated among lawmakers calling for a review of the deal, was likely fake.

© Reuters. A sign to the campus offices of chip maker Broadcom Ltd, who announced on Monday an unsolicited bid to buy peer Qualcomm Inc for $103 billion, is shown in Irvine, California

The chipmaker said it now expects the deal to close on Nov. 5, as the clearance from the EU was the last regulatory hurdle.

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