Broadcom loses $16 bn in m-cap after CA Technologies deal
Chipmaker Broadcom lost nearly $16 billion in market capitalisation on Thursday, a day after the company said it will buy software maker CA Technologies for $18.9 billion. The company's shares fell 15% during intraday trading, taking its total market valuation to $89.4 billion. However, shares of CA Technologies surged about 18% during intraday trading after the announcement of the deal.