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“Broadcom announces plans to buy VMware in $61 billion deal”

Broadcom will buy VMware in a cash-and-stock transaction valued at $61 billion, based on the closing price of Broadcom common stock on May 25, 2022, the companies announced Thursday.

The deal would be one of the largest technology acquisitions of all time, behind Microsoft’s pending $69 billion deal to purchase Activision Blizzard and Dell’s $67 billion purchase of EMC in 2016.

Broadcom’s stock rose as much as 3% in early trading Thursday, while VMware shares were up more than 2%…”

https://www.cnbc.com/2022/05/26/broadcom-announces-plans-to-buy-vmware.html

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