It's Official: Broadcom to Buy VMware for $61 Billion
Acquisition has recently been confirmed in a press release
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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