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Finally Broadcom Completes Acquisition of VMware

For $69 billion

Broadcom Inc. completed its acquisition of VMware, Inc.

VMware’s common stock will now cease to be traded on the New York Stock Exchange (NYSE).

Hock Tan, president and CEO, Broadcom, said: “We are excited to welcome VMware to Broadcom and bring together our engineering-first, innovation-centric teams as we take another important step forward in building the world’s leading infrastructure technology company. With a shared focus on customer success, together we are well positioned to enable global enterprises to embrace private and hybrid cloud environments, making them more secure and resilient. Broadcom has a long track record of investing in the businesses we acquire to drive sustainable growth, and that will continue with VMware for the benefit of the stakeholders we serve.”

Broadcom’s focus moving forward is to enable enterprise customers to create and modernize their private and hybrid cloud environments. At the core, Broadcom will invest in VMware Cloud Foundation, the software stack that serves as the foundation of private and hybrid clouds. Incremental to Broadcom’s investment in VMware Cloud Foundation, the acquired company will offer a catalog of services to modernize and optimize cloud and edge environments, including VMware Tanzu to help accelerate deployment of applications, as well as Application Networking (Load Balancing) and Advanced Security services, and VMware Software-Defined Edge for Telco and enterprise edges.

VMware Stockholder Election Results
In connection with this acquisition, the acquirer previously announced the results of the merger consideration elections made by VMware stockholders of record in its press release dated October 30, 2023.

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All acquisitions of Broadcom related to storage

Year Acquired company Price in $ million Business of acquired company
2003 Gadzoox Networks (assets) 5.8 FC switch silicon and firmware
2004 RAIDcore 16.5 RAID-on-chip
2004 Cirrus Logic (storage portfolio) 18 Patents on magnetic and optical technologies
2005 Siliquent Technologies 76 10Gb NIC
2008 Sunext Design 48 SoC for Blu-ray players and recorders
2016 Brocade 5,500 FC and Ethernet connectivity products; deal closed on November 2017
2018 CA Technologies 18,900 Management software
2023 Elastics.cloud NA CXL emerging player
2023 VMware 69,000 Virtualization software