Page 8 - Broadcom Software Group News Today

Acquisition has recently been confirmed in a press release

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 rising inflation and some economic uncertainty

Broadcom shareholders will own approximately 88% of the combined company on a fully diluted basis, while VMware shareholders will own approximately 12%.

Chipmaker Broadcom is continuing its buy-and-build strategy to expand into the software market by agreeing to acquire virtualisation giant VMware.

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 rising inflation and some economic uncertainty

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technolo...

Broadcom has struck a deal with VMware that will see the chipmaker buying the cloud and virtualization software firm for around $61 billion in cash and stock. As part of the acquisition, Broadcom will also take on $8 billion of VMwares net debt.

The deal will see Broadcom Software Group rebrand and operate as VMware, as the company seeks to expand in the software market.

Broadcom struck a $69 billion deal to acquire cloud software company VMware in one of the largest US technology deals to date.

Semiconductor manufacturer and infrastructure software giant Broadcom will acquire virtualization and enterprise cloud vendor VMware in a deal worth roughly $61 billion in stock and cash, the companies announced on Thursday. Broadcom will also assume $8 billion of VMware net debt as part of the deal. The deal, which is still subject to customary regulatory approval and