Broadcom announces plans to buy VMware in $61 billion deal

Broadcom announces plans to buy VMware in $61 billion deal

May 26, 2022 by CNBC

Key Facts

  • Broadcom will buy VMware in a cash-and-stock transaction valued at $61 billion, based on the closing price of Broadcom common stock on May 25, 2022, the companies announced on Thursday.
  • The deal would be one of the largest technology acquisitions of all time, behind Microsoft’s pending $69 billion deal to purchase Activision Blizzard and Dell’s $67 billion purchase of EMC in 2016.
  • Broadcom is the most acquisitive semiconductor company and has strategically used mergers to fuel its growth in recent years.
  • Broadcom planned to purchase Qualcomm in 2018 for $117 billion before the deal was hampered by then-President Donald Trump, who cited national security concerns.

Click To Read Full Article

ORGANIZATION
MONEY
PERSON
PERCENT
MISCELLANEOUS

This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2021 Kwhen Inc.

Was this content valuable for you?