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Broadcom has said that it will buy VMware for $61 billion after news that a deal was in the works a couple of days ago. The acquisition will see Broadcom pay cash and buy outstanding stocks.
It's one of the biggest deals of the year.
Broadcom has confirmed the rampant speculationIt has offered to pay $61 billion in cash and stock for VMwareIt will also take on $8 billion of VMware debt, val…
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Broadcom Software Group President Tom Krause said past mergers have taught the semiconductor to respect the channel and the revenue opportunity it presents, and they are ready to “embrace the channel” this go round.