http://ckeditor.com/demo
<a href="http://domain.com/"> <div class="text">Click Here</div> </a>
<div class="text"> <a href="http://domain.com/">Click Here</a></div>

Re: CKEditor won't allow <div> inside <a>
Re: CKEditor won't allow <div> inside <a>
Re: CKEditor won't allow <div> inside <a>
Re: CKEditor won't allow <div> inside <a>
Customer and Community Manager, CKSource
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If you think you found a bug in CKEditor, read this!
Valid HTML5 Code - see bug
Found this post in a search on Google looking for a solution to this valid HTML5 markup. So if you got here by a similar query, see this ticket for more info http://dev.ckeditor.com/ticket/7961
You can actually do this if you don't mind tweaking the DTD
This has worked for my project's purposes:
Obviously, any time you mess with the default DTD you're risking all sorts of subtle bugs, but this has worked well enough for us.
We ended up doing the same
We ended up doing the same thing. We were iffy on making the change wondering what would blow up. :)