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 an expanded VMware portfolio.
The combined company will provide enterprise customers an expanded platform that can help accelerate innovation and address information technology infrastructure needs.
“Building upon our proven track record of successful M&A, this transaction combines our leading semiconductor and infrastructure software businesses with an iconic pioneer and innovator in enterprise software as we reimagine what we can deliver to customers as a leading infrastructure technology company,” said Hock Tan, president  and CEO of Broadcom….