Print this page
Published in News

Broadcom might buy VMware

by on23 May 2022


Price is right

Chipmaker Broadcom is in talks to acquire cloud service provider VMware.

Word on the street is that negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said.

The deal is a little odd as it would diversify Broadcom’s business away from semiconductors and into enterprise software, following its $18.9 billion acquisition of CA Technologies and its $10.7 billion purchase of Symantec security division in the last four years.

Broadcom and VMware are not saying anything at the moment. VMware is valued at $40.3 billion.

Michael Dell is VMware’s biggest investor with a 40 per cent stake as a result of Dell having spun out VMWare to its shareholders last year.

Private equity firm Silver Lake, which has previously invested in Broadcom, is VMware’s second largest shareholder with a 10 per cent stake.

 

Last modified on 23 May 2022
Rate this item
(3 votes)