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Chipmaker Broadcom to buy VMware in $61 bln deal

Summary by Ground News
Broadcom has put forward a $61 billion proposal made up of cash and stock that would see it control 88% of the shares in VMware. Michael Dell, who owns 40% of VMware, and private equity firm Silver Lake which controls another 10%, are backing the deal. The deal is expected to close in fiscal 2023 and Broadcom has lined up $32 billion in new debt to complete it.
1 month ago·San Jose, United States

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Times of India

Chipmaker Broadcom to buy VMware in $61 billion deal

Broadcom had been in talks to acquire VMware for the past few weeks.

1 month ago·Mumbai, India
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Reuters

Chipmaker Broadcom to buy VMware in $61 bln deal

Broadcom Inc said on Thursday it will buy cloud service provider VMware Inc in a $61 billion cash-and-stock deal to further diversify the chipmaker's business into enterprise software. Broadcom's shares were up 1.6%, while those of VMWare were down nearly 1% in premarket trading.

1 month ago·United Kingdom
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The Hindu

Chipmaker Broadcom to buy VMware in $61 billion deal

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.

1 month ago·India
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abc News

Broadcom to buy VMware for $61 billion in big tech tie-up

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite rising inflation and some economic uncertainty

1 month ago·United States
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CNN

Chipmaker Broadcom to buy cloud services firm VMware in $61 billion deal

Chipmaker Broadcom is buying cloud services provider VMware in a cash-and-stock deal valued at $61 billion to speed up its expansion into the enterprise software business.

1 month ago·Atlanta, United States
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Independent.ie

Broadcom to buy VMware for $61bn as chipmaker looks to diversify

Broadcom said it will acquire cloud computing company VMware in a $61bn (€57bn) cash-and stock deal, the chipmaker's biggest and boldest bid to diversify its business into enterprise software.

1 month ago·Ireland
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