Broadcom to acquire VMware for $61 billion in cash and stock

Help Net Security

Broadcom and VMware announced an agreement under which Broadcom will acquire all of the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately $61 billion, based on the closing price of Broadcom common stock on May 25, 2022. In addition, Broadcom will assume $8 billion of VMware net debt. VMware, a provider of multi-cloud services for all apps, pioneered virtualization technology, an innovation that positively transformed x86 server-based computing. VMware then … More →

The post Broadcom to acquire VMware for $61 billion in cash and stock appeared first on Help Net Security.