On Wednesday, Broadcom reiterated its aim of closing the VMware transaction in the 2023 fiscal year, and added it was making progress with various regulatory filings regarding this deal around the world. "While we maintain that this deal does not present ...
Broadcom, the California-headquartered technology giant, has announced the completion of its long-awaited acquisition of California-based cloud computing specialist, VMware. The deal was completed after receiving regulatory approval from China, the final remaining regulatory hurdle after receiving approval ...
Hock Tan, Broadcom’s CEO, talked up the deal on a call with investors as a “very unique opportunity to take our company and its business to the next level.” “By adding VMware we will bring significant scale to Broadcom’s software business and reinforce our position as a premier prov...
The VMware acquisition “doesn’t appear to be a deal that raises antitrust concerns,” said Bloomberg Intelligence analyst Jennifer Rie. “But with the current antitrust climate and the FTC’s mission to be more vigilant on merger reviews, this will probably get in-depth scrutiny.” While th...
Tan's biggest bet came in 2022, when Broadcom said it was buying VMware for $61 billion, jumping into the market for server virtualization. The deal took 18 months to close, and it trails only Microsoft's $68.7 billion acquisition of Activision Blizzard and Dell's $67 billion purchase...
VMware investors are breathing a sigh of relief that the company’s megamerger deal with Broadcom receivedand isset to close Wednesday . Continue reading this article with a Barron’s subscription SUBSCRIBE NOW AnAmerican Airlinesregional flightwith a U.S. Army helicopter on Wednesday night near Was...
In addition, multiple industries are undergoing rapid consolidation, with few signs that the recent market downturn will halt the trend. The VMware deal, for example, marks one of several recent acquisitions in the software sector, which has plenty of room to consolidate. “I think, more and ...
Two technology giants are coming together with Broadcom announcing early Thursday a deal to acquire all outstanding shares of VMware in a cash-and-stock transaction valued at $61 billion. The pair hope to create a combined company that can offer its enterprise customers an expanded portfolio of ...
Nutanix (NTNX) has surged over the past year by more than 65%, driven by the cloud computing company’s strong Fiscal Q4 results and Broadcom’s (AVGO) closing of its $69 billion acquisition of VMware late last year. Let’s take a look at whether Broadco
When announcing the acquisition of VMware, Broadcom stated that the transaction would diversify its business and combining with VMware would enhance competition in the cloud computing field, allowing enterprise customers to have more choices. Hock Tan, the CEO of Broadcom and a Malaysian Chinese, expr...