‘What the Hock?’; Broadcom shares sink on shock software deal


(Reuters) – Broadcom Inc’s (AVGO.O) surprise bid to buy software company CA Inc (CA.O) knocked $11 billion off the value of the chipmaker in trading before the bell on Wall Street on Thursday, with analysts struggling to find a clear rationale behind the deal.

FILE PHOTO: 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, U.S., November 6, 2017. REUTERS/Mike Blake

Broadcom, which has mushroomed in value by buying out rivals in the past decade’s surge in mobile…



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