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.

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