Broadcom (AVGO) to Acquire VMware (VMW) for Approximately $61 Billion in Cash and Stock
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Broadcom to Acquire VMware for Approximately $61 Billion in Cash and Stock
May 26, 2022 7:00 AM EDTAdvances Broadcom's strategy to build the world's leading infrastructure technology company, with track record of acquiring established, mission-critical platforms
Brings together two engineering-first, innovation-centric cultures
Broadcom Software Group to rebrand and operate as VMware
The new VMware, as part of Broadcom, to offer enterprise customers greater choice and flexibility to address the most complex IT infrastructure challenges
Accelerates software scale and growth opportunities for Broadcom, with pro forma revenue of more than $40 billion, including 49% software revenue... More
