Official: Broadcom secures deal to acquire VMware for $61bn

The agreement will see Broadcom buy all outstanding shares of VMware

clock • 3 min read
Official: Broadcom secures deal to acquire VMware for $61bn

Broadcom announced it has reached an agreement to acquire VMware for $61bn.  The acquisition will see the chipmaker giant acquire all of the outstanding shares of VMware in a cash-and-stock transaction. Reports of the deal surfaced earlier this week and was confirmed by the two companies in a statement on Thursday. It is one of the biggest acquisitions to affect the channel since Dell acquired EMC in 2016 for $67bn. Raghu Raghuram, chief executive officer of VMware, said: "VMware ...

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