Broadcom’s purchase of VMware will be one of the
Broadcom Inc. agreed to buy cloud-computing company VMware Inc. for about $61 billion in one of the largest technology deals of all time, turning the chipmaker into a bigger force in software.
VMware bolsters Broadcom’s software offerings — a key part of Tan’s strategy in recent years. He acquired corporate-software maker CA Technologies in 2018 and Symantec Corp.’s enterprise security business in 2019. The purchase adds to a run of deals for the global tech industry this year. Microsoft Corp. agreed in January to buy video game publisher Activision Blizzard Inc. for $69 billion .
Bloomberg News first reported that the VMware talks were underway on May 22, and that company’s shares soared 25% the next day. Broadcom’s most ambitious takeover attempt ever also failed to gain traction. The company tried to buy rival chipmaker Qualcomm Inc. but had to walk away from the deal in 2018 after resistance from the Trump administration.
It struggled to maintain growth and ultimately forged a partnership with Amazon.com Inc., one of the biggest providers of cloud storage and services.
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