One of the most successful partnerships in technology M&A has ended.
Ken Hao, the Silver Lake managing partner who’s been instrumental in Broadcom Inc.’s past acquisitions, stepped down from the chipmaker’s board on the day it agreed to buy software maker CA Technologies. His resignation marks the departure of one of Broadcom Chief Executive Officer Hock Tan’s right-hand men in the acquisition spree that’s minted his reputation as a dealmaker the market (usually) loves.
The $19 billion deal for CA Tech, announced July 11, is a shift from Tan’s strategy to buy up rival semiconductor makers -- a master plan ...
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