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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.
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Broadcom's offer price of $142.50 per VMware share represents a premium of nearly 49% compared with VMware's share price earlier this week during early rumors of the deal.
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