Broadcom to acquire VMware in a $69 billion mega-deal
Summary
, today announced that it will be acquiring all of the outstanding shares of in a cash-and-stock transaction that values VMware at approximately $61 billion, based on the closing price of common stock on May 25, 2022. Based on the closing price of Broadcom common stock on May 25, 2022, the total $138.23 per-share consideration represents a 44% premium to the closing price of VMware common stock on May 20, 2022, the last trading day prior to media speculation regarding a potential transaction, and a 32% premium to VMwares unaffected 30-day (VWAP). Raghu Raghuram, Chief Executive Officer of VMware, said, " Combining our assets and talented team with Broadcoms existing enterprise software portfolio, all housed under the VMware brand, creates a remarkable enterprise software player. Collectively, we will deliver even more choice, value and innovation to customers, enabling them to thrive in this increasingly complex multi-cloud era." By bringing together the complementary Broadcom Software portfolio with the leading VMware platform, the combined company will provide enterprise customers an expanded platform of critical infrastructure solutions to accelerate innovation and address the most complex information technology infrastructure needs.
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