Tag: Acquire

Broadcom to Acquire VMware in $61 Billion Deal: What Investors Need to Know

Broadcom Inc. on Thursday announced it will acquire VMware Inc. in a cash-and-stock transaction that values the multi-cloud company at approximately $61 billion. What to Know VMware’s multi-cloud portfolio spans application modernization, cloud management, cloud infrastructure, networking, security and more. Following the closing of the transaction, the Broadcom Software Group will rebrand as VMware and incorporate Broadcom’s existing infrastructure and security software solutions as part of…


Troika Media to Acquire Converge Direct for $125 Million

Troika Media Group Inc. agreed to acquire Converge Direct LLC and its affiliates for $125 million. Converge is a leading independent marketing and customer acquisition business. TMG is a brand consultancy and marketing innovations company that provides integrated branding and marketing solutions for global brands. What Happened Both the boards and shareholders of Troika and…


SoFi to Acquire Technisys for $1.1 Billion

Digital personal finance company SoFi Technologies Inc. agreed to acquire Technisys, a cloud-native, digital multi-product core banking platform. Technisys’ shareholders will receive aggregate consideration of 84 million shares of SoFi, less than 10 percent of SoFi’s fully diluted share count as of September 30, 2021. The shares have an aggregate value of $1.1 billion based on the volume-weighted…