Broadcom is in discussions to pay about $140 per share in cash and stock for VMware, the sources said. That is a 46% premium to the value of VMware's shares on Friday
NEW YORK/STOCKHOLM: Broadcom Inc is in talks to acquire cloud service provider VMware Inc in a US$60 billion deal which would further diversify the chip manufacturer's business into enterprise software, people familiar with the matter said.
Broadcom is in discussions to pay about $140 per share in cash and stock for VMware, the sources said. That is a 46% premium to the value of VMware's shares on Friday.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
