Broadcom, a developer of semiconductor and infrastructure software solutions, has plans to acquire the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately $61 billion.
VMware is a provider of multi-cloud services for all apps. VMware’s multi-cloud portfolio — spanning application modernization, cloud management, cloud infrastructure, networking, security and anywhere workspaces — forms a flexible, consistent digital foundation on which the largest and most dynamic enterprises across industries build, run, manage, connect and protect their most important and complex workloads for the benefit of their customers.
Following the closing of the transaction, the Broadcom Software Group will rebrand and operate as VMware, incorporating Broadcom's existing infrastructure and security software solutions as part of an expanded VMware portfolio.
By bringing together the complementary Broadcom Software portfolio with the lea
