Broadcom to acquire vmware for approximately $61 billion in cash and stock

Advances broadcom's strategy to build the world's leading infrastructure technology company, with track record of acquiring established, mission-critical platforms brings together two engineering-first, innovation-centric cultures broadcom software group to rebrand and operate as vmware the new vmware, as part of broadcom, to offer enterprise customers greater choice and flexibility to address the most complex it infrastructure challenges accelerates software scale and growth opportunities for broadcom, with pro forma revenue of more than $40 billion, including 49% software revenue broadcom to target adding approximately $8.5 billion of pro forma ebitda from the acquisition within three years post-closing broadcom to host conference call today at 8:00 am et san jose and palo alto, calif. , may 26, 2022 /prnewswire/ -- broadcom inc. (nasdaq: avgo), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, and vmware, inc. (nyse: vmw), a leading innovator in enterprise software, today announced an agreement under which broadcom will acquire all of the outstanding shares of vmware in a cash-and-stock transaction that values vmware at approximately $61 billion, based on the closing price of broadcom common stock on may 25, 2022.
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