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CACI withdraws bid to buy CSRA, clearing way for General Dynamics deal

By Jeff Clabaugh

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WASHINGTON — Arlington, Virginia’s CACI International Inc. withdrew its offer to acquire Falls Church-based government information technology contractor CSRA Inc. for $7.2 billion in cash and stock.

That clears the way for General Dynamics to proceed with its proposed $6.9 billion all-cash acquisition of CSRA. The deal also includes the assumption of $2.8 billion in CSRA debt.

CACI will not pursue CSRA, but the company leaves the door wide open for future acquisitions.

“We will continue to evaluate new opportunities to grow our business in ways consistent with our disciplined approach to M&A and the capture of major programs,” said CACI CEO Kenneth Asbury.

If the General Dynamics acquisition wins shareholder and regulatory approval, General Dynamics would get CSRA’s cybersecurity and data-analytics business, and information technology contracts.

That would make General Dynamics the second-largest federal IT provider, according to Bloomberg data.

Massachusetts court hears arguments in lawsuit alleging Meta designed apps to be addictive to kids

By The Associated Press
BOSTON (AP) — Massachusetts' highest court heard oral arguments Friday in the state's lawsuit arguing that Meta designed features on Facebook and Instagram to make them addictive to young users. The lawsuit, filed in 2023 by Attorney General Andrea Campbell, alleges that Meta did this to make a profit and that its actions affected hundreds of thousands of teenagers in Massachusetts who use the social media platforms. “We are making claims based only on the tools that Meta has developed because its own research shows they encourage addiction to the platform in a variety of ways,” said State Solicitor David Kravitz, adding that the state's claim has nothing to do the company's algorithms or failure to moderate content. Meta said Friday that it strongly disagrees with the allegations and is “confident the evidence will show our longstanding commitment to supporting young people.” Its attorney, Mark Mosier, argued in court that the lawsuit “would impose liabilities for performing traditional publishing functions” and that its actions are protected by the First Amendment.
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