Timeline: Broadcom's ambitious deal history under CEO Hock Tan
Broadcom Ltd made an $18.9 billion bid for software firm CA Inc on Wednesday, the latest in the company`s acquisition spree aimed at diversifying beyond semiconductors.
The deal, which took Wall Street analysts by surprise, came after U.S. President Donald Trump stopped the company from trying to buy Qualcomm earlier this year.
Chief Executive Officer Hock Tan has made Broadcom a juggernaut in the chip space, pushing its market share this year in the sector to 30 percent from just 4 percent in 2013.
As CEO of Avago, Tan pulled off the acquisition of Broadcom in a $37 billion deal more than two years earlier, bringing the two companies under one umbrella name of Broadcom. At that time, it was the largest-ever chip deal. Below is a timeline of Avago`s/Broadcom`s major deals in the past six years. July 11, 2018Broadcom says it would buy U.S. business software company CA Inc for $18.9 billion, venturing far beyond its realm of semiconductors. Nov. 6, 2017
Broadcom made an unsolicited $103 billion bid for Qualcomm Inc, setting the stage for a takeover battle that could reshape the industry at the heart of mobile phone hardware.
After a months-long tussle, the Broadcom and Qualcomm saga comes to an abrupt end, when in February 2018 Broadcom withdrew its bid to acquire Qualcomm, two days after U.S. President Donald Trump blocked the attempt, citing national security concerns.Nov. 2, 2016
Broadcom said it would buy network gear maker Brocade Communications Systems Inc for $5.5 billion in cash, to expand its fibre channel and storage businesses. May 28, 2015
Avago Technologies Ltd agreed to buy Broadcom Corp for $37 billion in the largest merger of chipmakers ever, turning a lesser known company run by a ferocious dealmaker into one of the biggest industry players.
Feb. 25, 2015
Avago said it would buy Emulex Corp for $764 million, in a bid to extend Broadcom`s presence in storage networks into fiber channel technology.Dec. 16, 2013
Avago said it would buy LSI Corp for $6.6 billion, as it turns to the fast-growing storage chip market to counter volatility in its main wireless business.April 11, 2013
Avago Technologies Ltd said it will buy optical chip and component maker CyOptics Inc for about $400 million in cash.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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