Broadcom reportedly working to acquire VMware
Silicon Valley chipmaker Broadcom is working on a deal to acquire cloud service and virtualization provider VMware, although an agreement is not expected to be imminent, according to published reports.
VMware's market cap sits around $40 billion, although no proposed purchase price has been disclosed as yet. If a deal is eventually reached, it would be the latest in a long line of acquisitions for Broadcom, which has built itself up, in large part, on the basis of multiple high-profile buyouts.
The company acquired network switching manufacturer Brocade in November 2016 for nearly $6 billion, development and security software firm CA Technologies in November 2018 for $19 billion, and the enterprise security division of Symantec in August 2019 for more than $10 billion.
from Network World https://ift.tt/jc0MSrD
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