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Broadcom to acquire VMware in chipmaker's boldest $61-bn deal
Financial Express Mumbai
|May 27, 2022
BROADCOM SAID ON Thursday it will acquire cloud computing company VMware Inc in a $61 billion cash-andstock deal, the chipmaker's biggest and boldest bid to diversify its business into enterprise software.
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The acquisition is the second biggest announced globally so far this year, trailing only Microsoft Corp's $68.7 billion deal to buy video game maker Activision Blizzard Inc.
Broadcom's offer price of $142.50 per VMware share represents a premium of nearly 49% to the stock's last close, when talks of the deal were first reported on May 22. Broadcom will also assume $8 billion of VMware's net debt.
The chipmaker's shares were down nearly 1% in premarket trading on Thursday, while VMware rose 1.3%.
Broadcom Chief Executive Hock Tan, who built his company into one of the world's biggest chipmakers through acquisitions, is bringing his dealmaking playbook to the software sector.
In one fell swoop, the deal will almost triple Broadcom's software-related revenue to about 45% of its total sales.
Diese Geschichte stammt aus der May 27, 2022-Ausgabe von Financial Express Mumbai.
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