Broadcom Is Buying VMWare For $61 BillionOne of the biggest ever tech acquisitions is about to go down, and it involves two companies you may have never even heard of.
Microchip heavyweight Broadcom is set to acquire cloud computing company
VMWare, in a deal worth $61 billion in cash and stock.
To put the size of the acquisition in perspective, only two previous takeovers in the tech industry top this deal: Dell’s
$67 billion buy-out of data storage company, EMC, in 2015 and Microsoft’s still-in-progress takeover of Activision Blizzard for
$68.7 billion.
The deal would see shareholders receiving cash consideration of
$142.50 per share or a swap of 0.252 Broadcom stock per VMWare share.
The global microchip shortage has been a catalyst for Broadcom CEO Hock Tan to
expand the revenue centers for the company beyond hardware
