Broadcom (AVGO) to Acquire VMware (VMW) for Approximately $61 Billion in Cash and Stock

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Go back to Broadcom (AVGO) to Acquire VMware (VMW) for Approximately $61 Billion in Cash and Stock

Broadcom to Acquire VMware for Approximately $61 Billion in Cash and Stock

May 26, 2022 7:00 AM EDT

Advances 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