Broadcom loses $19 billion in market value
gulftoday -
BENGALURU: Chipmaker Broadcom Inc’s surprise bid to buy software company CA Inc for $19 billion wiped off the same amount from its market value on Thursday, with investors and analysts struggling to find a clear reason for the deal. Citing an acquisition with no potential synergies, investors drove the company’s shares down 19 per cent to $197.50 - their worst day ever. CA rose 18.5 per cent to $44.10. Broadcom, which has

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