Broadcom buys cloud tech firm VMware for US$61B
Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technolo...
Stay updated with breaking news from Broadcom Software Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 VMware's 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