“Broadcom, a semiconductor and infrastructure software company, announced Thursday that it is acquiring VMware, the enterprise software firm, in an eye-popping $61 billion cash and stock deal…
VMware ranked first for market share in the global virtualization infrastructure software market in 2021, according to Gartner. Both companies provide cybersecurity services, with Broadcom having purchased Symantec’s enterprise security business in 2020 for nearly $11 billion.
Following the close of the transaction, Broadcom will rebrand and operate as VMware, folding its existing infrastructure and security software into the VMware portfolio…” Read the full article here.
Source: Broadcom to acquire VMware in $61B deal – By Suzanne Smalley, May 26, 2022. CyberScoop.
