Finally Broadcom Completes Acquisition of VMware

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.