Broadcom's $18.9 Billion Buy of CA Gets U.S. Antitrust Clearance

   By Colin Kellaher

Broadcom Inc. (AVGO) on Friday said it received U.S. antitrust clearance for its $18.9 billion acquisition of software company CA Technologies (CA).

The chip giant in July announced the surprise deal for CA months after its $117 billion-plus hostile bid for Qualcomm Inc. (QCOM) was blocked by President Trump.

Broadcom said the U.S. antitrust waiting period under the Hart-Scott-Rodino act has expired for the acquisition.

The transaction remains subject to antitrust approvals in the EU and Japan, as well as the approval of CA shareholders. Broadcom said it expects to complete the acquisition by the end of 2018.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

August 24, 2018 08:13 ET (12:13 GMT)

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