In May 2022, Broadcom announced its plan to acquire VMware for $61 billion, with half of the amount to be paid in cash and the other half to be exchanged for Broadcom stock. Broadcom will also assume VMware's $8 billion debt, making the total transaction value $69 billion.When announcing...
GET THE VMWARE TRANSITION GUIDEIn a bold move that rocked the tech world, Broadcom announced its intention to acquire VMware for a staggering $61 billion in May 2022, a decision finalized in November 2023. The acquisition has sent ripples through the industry, greeted with mixed feelings. Analys...
Broadcom has a long track record of investing in the businesses we acquire to drive sustainable growth, and that will continue with VMware for the benefit of the stakeholders we serve." Broadcom's focus moving forward is to enable enterprise customers to create and modernize their private and ...
In May 2022, Broadcom announced its plan to acquire VMware for $61 billion, with half of the amount to be paid in cash and the other half to be exchanged for Broadcom stock. Broadcom will also assume VMware's $8 billion debt, making the total transaction value $69 billion. When announci...
is in talks to acquire VMware Inc., the cloud-computing company backed by billionaire Michael Dell, setting up a blockbuster tech deal that would vault the chipmaker into a highly specialized area of software. The takeover discussions are ongoing and there’s no guarantee they will lead to an...
In May 2022, Broadcom announced its plan to acquire VMware for $61 billion, with half of the amount to be paid in cash and the other half to be exchanged for Broadcom stock. Broadcom will also assume VMware's $8 billion debt, making the total transaction value $69 billion. ...
Semiconductor giantBroadcominked a deal to acquire cloud software companyVMwarefor $61 billion in cash and stock. But analysts told Fierce Broadcom has plenty of work to do to prove itself in the wake of the deal, both as a software player and to enterprise customers who highly value predicta...
Chipmaker Broadcom showed Thursday that it’s got no problem throwing around that kind of dough during a tumultuous time in tech, announcing a deal to acquire cloud-computing company VMware at a 44% premium over its value at the end of last week. (VMware shares had jumped since news of a...
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 ...
Uncertainty stirs among customers but shareholders and competitors stand to benefit from the deal, says IT industry analyst Steve McDowell in this Tech Barometer podcast segment.