Broadcom Inc said on Thursday it will acquire cloud computing company VMware Inc in a US$61 billion cash-and stock deal, the chipmaker's biggest and boldest bid to diversify its business into enterprise software.
The acquisition is the second biggest announced globally so far this year, trailing only Microsoft Corp's MSFT.O $68.7 billion deal to buy video game maker Activision Blizzard Inc
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!