Broadcom's bid for $61bn VMware acquisition goes unchallenged as 'go-shop' deadline expires

Broadcom’s May 26 blockbuster offer to buy VMware for $61bn included a provision to allow VMware 40 days to find another buyer

Nima Green
clock • 2 min read
Broadcom's bid for $61bn VMware acquisition goes unchallenged as 'go-shop' deadline expires

Broadcom's $61bn takeover deal for VMware may press ahead with no rival bid as a pre-arranged ‘go-shop' clause to allow the virtualisation vendor to find another buyer expired at 23:59 Pacific Time on July 5. The chipmaker giant's May 26 acquisition offer included the 40-day provision, in addition to a commitment to purchase all of the outstanding shares of VMware if a competitor was not found. VMware and Broadcom's channel moving forwards As reported by Channel Partner Insight (CPI),...

To continue reading this article...

Join Channel Partner Insight

  • Exclusive news, insight and analysis for the IT channel across the US and Europe
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with an exclusive members-only podcast
  • Breaking news stories delivered straight to your inbox daily

Join now

 

Already a member?

Log in

More on Solution Provider

EMEA swells almost 150 per cent in Q1 for Softline

EMEA swells almost 150 per cent in Q1 for Softline

IT Services spiked more than 80 per cent while its software & cloud business earned the bulk of turnover

Kelsey Rees
clock 19 August 2022 • 3 min read
'Erratic' chip supply set to impact the channel's revenues 'for rest of 2022' - IDC

'Erratic' chip supply set to impact the channel's revenues 'for rest of 2022' - IDC

Shipments of microchips are likely to be unreliable despite availability of them showing early signs of improvement

clock 18 August 2022 • 2 min read
Michael Guschlbauer, COO System House & Managed Service, Bechtle

Bechtle's Michael Guschlbauer: 'The main trend in managed services right now is customers wanting platform services, and more scalable services'

CPI had an extensive chat with the COO of Bechtle’s System House & Managed Service unit to hear why the group is all about the multi-cloud

Kelsey Rees
clock 18 August 2022 • 4 min read