Broadcom to Acquire VMware in Blockbuster $61 Billion Cloud Computing Deal

Broadcom to Purchase VMware in Blockbuster $61 Billion Cloud Computing Deal

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Rumors have swirled for the previous week that Broadcom was in talks to buy VMware. Right now, the chip maker confirmed its intentions by saying that it’s going to purchase VMware for $61 billion in money and inventory

This Broadcom-VMware tie-up could be among the many largest ever within the tech trade. Dell purchased EMC for $67 billion again in 2015. Earlier this 12 months, Microsoft made a $68.7 billion deal to buy gaming big Activision Blizzard. The deal values VMware at $142.50 per share, representing a 44 % premium in comparison with the closing worth on Could twentieth (the final buying and selling day earlier than information of the upcoming deal was first reported). 

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