Broadcom Said to Be in Talks to Acquire VMware

Chipmaker Broadcom is in talks to acquire cloud service provider VMware, people familiar with the matter told Reuters.

Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The deal terms under discussion could not be learned.

The acquisition would further diversify Broadcom’s business away from semiconductors and into enterprise software, following its $18.9 billion (roughly Rs. 1,46,591 crore) acquisition of CA Technologies and its $10.7 billion (roughly Rs. 82,997 crore) purchase of Symantec’s security division in the last four years.

Bloomberg News first reported the deal late on Sunday. Broadcom and VMware did not immediately respond to Reuters’ requests for comment. As of Friday’s market close, the market capitalisation of VMware was $40.3 billion (roughly Rs. 3,12,598 crore).

Michael Dell is VMware’s biggest investor with a 40 percent stake as a result of Dell Technologies having spun out VMWare to its shareholders last year, according to Refinitiv data.

Private equity firm Silver Lake, which has previously invested in Broadcom, is VMware’s second largest shareholder with a 10 percent stake, Refinitiv data shows.

© Thomson Reuters 2022


Chipmaker Broadcom is in talks to acquire cloud service provider VMware, people familiar with the matter told Reuters.

Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The deal terms under discussion could not be learned.

The acquisition would further diversify Broadcom’s business away from semiconductors and into enterprise software, following its $18.9 billion (roughly Rs. 1,46,591 crore) acquisition of CA Technologies and its $10.7 billion (roughly Rs. 82,997 crore) purchase of Symantec’s security division in the last four years.

Bloomberg News first reported the deal late on Sunday. Broadcom and VMware did not immediately respond to Reuters’ requests for comment. As of Friday’s market close, the market capitalisation of VMware was $40.3 billion (roughly Rs. 3,12,598 crore).

Michael Dell is VMware’s biggest investor with a 40 percent stake as a result of Dell Technologies having spun out VMWare to its shareholders last year, according to Refinitiv data.

Private equity firm Silver Lake, which has previously invested in Broadcom, is VMware’s second largest shareholder with a 10 percent stake, Refinitiv data shows.

© Thomson Reuters 2022


More from author

Related posts

Advertismentspot_img

Latest posts

OnePlus TV 50 Y1S Pro India Launch Confirmed; 4K UHD Bezel-Less Display, Dolby Audio Support Teased

OnePlus TV 43 Y1S Pro with 4K UHD display and Gamma Engine was unveiled in April this year. Now, the company has teased...

Apple AirPods Pro (2nd Generation) Will Feature Hearing Aid Function, Heart Rate Detection: Report

Apple AirPods Pro (2nd Generation) is reportedly going to launch with a long list of features like heart rate detection, hearing aid function, and...

Fossil Gen 6 Hybrid Smartwatch to Launch on June 27 With Up to 2 Weeks of Battery Life

Fossil Gen 6 smartwatch range was launched in August last year with a Qualcomm Snapdragon 4100+ SoC and SpO2 sensor. Now, Fossil is preparing...
[tdn_block_newsletter_subscribe title_text="Want to stay up to date with the latest news? " description="V2UlMjB3b3VsZCUyMGxvdmUlMjB0byUyMGhlYXIlMjBmcm9tJTIweW91ISUyMFBsZWFzZSUyMGZpbGwlMjBpbiUyMHlvdXIlMjBkZXRhaWxzJTIwYW5kJTIwd2UlMjB3aWxsJTIwc3RheSUyMGluJTIwdG91Y2guJTIwSXQncyUyMHRoYXQlMjBzaW1wbGUh" input_placeholder="Email address" btn_text="Subscribe" tds_newsletter2-image="8" tds_newsletter2-image_bg_color="#c3ecff" tds_newsletter3-input_bar_display="row" tds_newsletter4-image="9" tds_newsletter4-image_bg_color="#fffbcf" tds_newsletter4-btn_bg_color="#f3b700" tds_newsletter4-check_accent="#f3b700" tds_newsletter5-tdicon="tdc-font-fa tdc-font-fa-envelope-o" tds_newsletter5-btn_bg_color="#000000" tds_newsletter5-btn_bg_color_hover="#4db2ec" tds_newsletter5-check_accent="#000000" tds_newsletter6-input_bar_display="row" tds_newsletter6-btn_bg_color="#da1414" tds_newsletter6-check_accent="#da1414" tds_newsletter7-image="10" tds_newsletter7-btn_bg_color="#1c69ad" tds_newsletter7-check_accent="#1c69ad" tds_newsletter7-f_title_font_size="20" tds_newsletter7-f_title_font_line_height="28px" tds_newsletter8-input_bar_display="row" tds_newsletter8-btn_bg_color="#00649e" tds_newsletter8-btn_bg_color_hover="#21709e" tds_newsletter8-check_accent="#00649e" embedded_form_code="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" tds_newsletter="tds_newsletter1" tds_newsletter1-input_bar_display="" tds_newsletter1-input_border_size="0" tds_newsletter1-title_color="#172842" tds_newsletter1-description_color="#90a0af" tds_newsletter1-disclaimer_color="#90a0af" tds_newsletter1-disclaimer2_color="#90a0af" tds_newsletter1-input_text_color="#90a0af" tds_newsletter1-input_placeholder_color="#bcccd6" tds_newsletter1-input_bg_color="#ffffff" tds_newsletter1-input_border_color="rgba(255,255,255,0)" tds_newsletter1-input_border_color_active="rgba(255,255,255,0)" tds_newsletter1-f_title_font_family="394" tds_newsletter1-f_title_font_size="eyJhbGwiOiI0MiIsImxhbmRzY2FwZSI6IjM2IiwicG9ydHJhaXQiOiIzMCIsInBob25lIjoiMzAifQ==" tds_newsletter1-f_title_font_line_height="1.2" tds_newsletter1-f_title_font_spacing="-1" tds_newsletter1-f_descr_font_family="638" tds_newsletter1-f_descr_font_size="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE1IiwicG9ydHJhaXQiOiIxNCIsInBob25lIjoiMTQifQ==" tds_newsletter1-f_descr_font_line_height="1.6" tds_newsletter1-f_descr_font_weight="700" content_align_horizontal="content-horiz-center" tdc_css="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" tds_newsletter1-f_disclaimer_font_family="394" tds_newsletter1-f_disclaimer2_font_family="394" tds_newsletter1-f_input_font_family="394" tds_newsletter1-f_input_font_line_height="3" tds_newsletter1-f_input_font_size="eyJhbGwiOiIxNiIsInBvcnRyYWl0IjoiMTQiLCJwaG9uZSI6IjE0In0=" tds_newsletter1-f_btn_font_family="394" tds_newsletter1-f_btn_font_transform="uppercase" tds_newsletter1-f_btn_font_weight="700" tds_newsletter1-btn_bg_color="#e2687e" tds_newsletter1-btn_bg_color_hover="#172842" tds_newsletter1-f_input_font_weight="" tds_newsletter1-f_title_font_weight="800"]