Chipmaker Broadcom to buy VMware in $61 billion deal


FILE PHOTO: The Broadcom Limited company logo is shown outside one of their office complexes in Irvine, California, U.S., March 4, 2021. REUTERS/Mike Blake/File Photo

(Reuters) - Broadcom Inc said on Thursday it will acquire cloud computing company VMware Inc in a $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 $68.7 billion deal to buy video game maker Activision Blizzard Inc.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Tech News

Six indicted in cryptocurrency and NFT fraud schemes that netted more than US$130mil
Tesla hiring again in Singapore weeks after country head leaves
Boeing wants more workers in the office to ramp up production. Not everyone wants to go back
Meta to shut down Novi service in September in crypto winter
Thermal drones seek survivors after deadly Italy glacier collapse
Bukit Aman: No kidnapping of children for organ harvesting
Geely chairman eyes phone-making by acquiring Meizu Tech
Hackers claim theft of police info in China’s largest data leak
France's Schneider Electric to sell Russia unit to local management
Google Collections is the Pinterest competitor flying under the radar

Others Also Read