Saturday, February 4, 2023

Broadcom to purchase VMware for 61B USD

By ET Bureau - May 30, 2022 1 Mins Read

Broadcom has confirmed its intention to buy VMware, a cloud computing and virtualization technology company, for 61 billion USD.

The agreement, which comes after days of rumors and conjecture, is one of the largest technology purchases ever, trailing only Dell’s 67 billion USD acquisition of EMC and Microsoft’s projected 69 billion USD acquisition of Activision Blizzard.

According to Broadcom, acquiring VMware does not turn the company into a software company right away. Broadcom said it plans to buy all outstanding VMware shares, which represents a 44 percent premium over the stock’s latest Friday closing price.

Read More: https://venturebeat.com/2022/05/26/broadcom-to-acquire-vmware-for-61b/



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ET Bureau

The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

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