Broadcom Is Said to Agree to Acquire CA for $19 Billion (1)

Broadcom Inc., a semiconductor maker whose acquisitions have reshaped the chip industry, reached an agreement to purchase CA Technologies for about $19 billion, according to a person familiar with the process, branching out into software to diversify its business.

Broadcom offered $44.50 per share in a transaction valued at $18.9 billion, said the person, who asked not to be identified ahead of an announcement July 11. Broadcom and CA representatives didn’t immediately respond to requests for comment.

Under Chief Executive Officer Hock Tan, Broadcom has transformed itself through a string of acquisitions into one of the world’s largest chipmakers. Last ...