Specializing in virtualization technologies and operating under the umbrella of Dell for a while, VMware became an independent subsidiary last year and started to seek strategic partnership. He found the blood he was looking for.
Broadcom and VMware merge
Broadcom announced that it has acquired the VMware subsidiary for $61 billion. Dell bought the company for $64 billion. Especially the debt, which reached $ 8 billion, was a disadvantage for VMware.
WiFi 7 chips ready
Broadcom software group after purchase and VMware will merge and begin operating under the name VMware. In addition to VMware virtualization technologies, Broadcom security software will also be offered.
Shareholders will vote to receive the purchase price in Broadcom or VMware stock. Michael Dell, chairman of the board of VMware, will carry the value of his shares in the company to $ 20 billion after the merger.
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