Page 7 - Broadcom Software Group News Today

Broadcom Inc. on Thursday announced it will acquire VMware Inc. in a cash-and-stock transaction that values the multi-cloud company at approximately $61 billion. What ...

Broadcom to acquire VMware in $61bn cash-and-stock deal

Broadcom’s intended acquisition of VMware might open a variety of enterprise and telco opportunities for VMware — if it is given the opportunity to further develop technologies such as 5G and networking tools.

The chipmaker’s acquisition of VMware is the latest in a lengthy string of high-ticket deals, as Broadcom moves to focus on its software portfolio.

After Broadcom acquired VMware for $61 billion, "rapid transition from perpetual licenses to subscriptions" will follow. Prepare for monthly fees.

The deal will enable Broadcom to diversify away from its main business of designing and selling semiconductors into enterprise software

Dell expects its VMware relationship to continue after VMware is acquired by Broadcom despite Broadcom’s direct sales comment.

Broadcom acquisition of VMware includes $1.5 billion and $750 million termination fees if the chip maker or software companies’ end the IT merger deal.

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite an environment of rising inflation and economic uncertainty.

Large, seasoned VMware partners warn that a Broadcom acquisition could stall big-dollar licensing agreements as enterprise customers wait to see if the new owners have a strategy for the ubiquitous virtualization software.