Published 2 years ago

Broadcom buys cloud company VMware for $61B in 2nd-largest tech deal of 2022

Summary by Ground News

The proposed deal comes just weeks after billionaire and Tesla CEO Elon Musk offered to spend $44 billion on Twitter. The tech-heavy Nasdaq has tumbled more than 26% this year. In one day this week, social media companies had about $130 billion in market value erased over rising questions about advertiser spending.

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abc News

Big tech deals keep coming: Broadcom buys VMware for $61B

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

2 years ago·United States

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UPI

Broadcom buys cloud company VMware for $61B in 2nd-largest tech deal of 2022

Computer chip and software producer Broadcom announced the second-largest technology deal of 2022 on Thursday -- an acquisition of cloud company VMware for more than $60 billion.

2 years ago·Washington, United States

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TechCrunch

Broadcom to acquire VMware in massive $61B deal – TechCrunch

Broadcom is acquiring VMware in a $61 billion deal, which is a combination of cash and stock, with Broadcom assuming $8 billion in VMware debt.

2 years ago·United States

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The Oregonian

Broadcom will pay $61B for VMware

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 an environment of rising inflation and economic uncertainty.

2 years ago·Portland, United States

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Techmeme

Broadcom offers to acquire VMware for ~$61B in cash and stock, paying $142.50 per share, a nearly 49% premium, and will assume VMware's $8B in net debt

By Chavi Mehta / Reuters. View the full context on Techmeme.

2 years ago

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Fox Business

Broadcom buying VMware for $61B

Broadcom shareholders will own approximately 88% of the combined company on a fully diluted basis, while VMware shareholders will own approximately 12%.

2 years ago·United States

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