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Broadcom Closes Acquisition Of CA Technologies

Nov 06, 2018 - ICT Monitor Worldwide

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 impor...