Broadcom in Talks to Acquire VMware
Bid could be around $60 billion.
By Jean Jacques Maleval | May 24, 2022 at 2:02 pmTo read this article from Bloomberg, click on:
Broadcom in Talks to Acquire Cloud Company VMware
- Purchase would extend chipmaker’s push into software.
- VMware has changed hands a number times since 1998 founding
Broadcom Inc. could announce an agreement to acquire cloud-computing company VMware Inc. as soon as this week, according to people familiar with the matter, setting up a blockbuster tech deal that would vault the chipmaker into a highly specialized area of software.
The offer is likely to be mostly in the form of stock but would include a large cash element, said one of the people, who asked not to be identified because the matter isn’t public. Financing for the transaction is in place, the person added.
VMware, backed by billionaire Michael Dell, currently has a market valuation of about $50.3 billion. The takeover discussions are ongoing, and there’s also still no guarantee that the talks will lead to an agreement.
The Wall Street Journal reported that the bid could be around $140 a share, or $60 billion.
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