Broadcom announces plans to buy VMware

[Demon_Skeith]

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 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’s stock closed up 3.5% on Thursday, while VMware shares ended the day up 3.1%.

Broadcom’s purchase of VMware will help the company diversify away from its core business of designing and selling semiconductors into enterprise software, which can have larger margins. VMware’s products are used by enterprises to more efficiently run their own servers as well as cloud servers.

 

[froggyboy604]

Hopefully, Broadcom and VMware can work together to create reliable Virtualization software for different operating systems and devices.

 

[Demon_Skeith]

Hopefully, Broadcom and VMware can work together to create reliable Virtualization software for different operating systems and devices.

By my servers I pray they do! If they tank this service my job is fucked.

 

[froggyboy604]

I hope Broadcom does not cause VMware to demise like Symantec which was owned by Broadcom according to The Demise Of Symantec .

Broadcom decided to sell Symantec to Accenture according to Broadcom unloads Symantec security business to Accenture for undisclosed sum

 

[Grungie]

I feel this just gives VMware a new scapegoat for their problems.