Broadcom buys VMware for $61 billion
Semiconductor giant Broadcom Inc. announced that it has reached an agreement to buy virtualization and cloud software maker VMware in a deal worth approximately $61 billion that will be paid partly in cash and partly in shares. Broadcom takes over VMware’s debts, which amount to approximately $8 billion. Broadcom Software Group, the software subsidiary, will be integrated into VMware. With this acquisition, Broadcom can extend its business solutions offering.
