UnitedHealth Group sues tech giant Broadcom over ‘exorbitant’ price hikes
In a battle of corporate behemoths, an arm of
The
Broadcom is perhaps best known for its broad range of computer hardware products, but since its 2018 purchase of
But this year,
“Instead, Broadcom is attempting to coerce United into paying hundreds of millions of dollars more for access to CA software,” according to the suit filed in
Simply switching to another software vendor isn’t an option.
“United has incorporated the
Broadcom did not respond to requests for comment.
UnitedHealth’s complaint is the second breach of contract suit against Broadcom over corporate software pricing in the past eight months.
In August,
Like
Broadcom’s 2023 acquisition of
Broadcom’s “repudiation” of its contract provisions “is a naked and unlawful attempt by Broadcom to leverage its growing power in the software industry,”
The complaint marks the second time in less than three years that the DOJ has tried to stop
At a
Sen.
The impasse between the two companies — both among the top 20 U.S. companies as measured by the value of their stock — led to direct negotiations in March between Broadcom CEO
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