Broadcom in advanced talks to buy VMware
2 years, 10 months ago

Broadcom in advanced talks to buy VMware

Live Mint  

Broadcom Inc. is in advanced talks to buy VMware Inc., according to people familiar with the matter, setting the stage for what would be one of the year’s biggest deals. The deal discussions, which picked up pace in recent days, come roughly six months after computing pioneer Dell Technologies Inc. spun off its 81% equity stake in VMware. VMware has a strong position in the market for “hybrid" cloud, where large companies mix public cloud services like those of Amazon.com Inc. and Microsoft Corp. with their own private networks. VMware is roughly a year into a new regime after company veteran Raghu Raghuram took over following the departure of CEO Pat Gelsinger, who left to run Intel Corp. VMware is set to report earnings Thursday, while Broadcom is set to report earnings next week.

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History of this topic

Apple chip supplier Broadcom hits $1 trillion market valuation for first time
3 months, 2 weeks ago

Apple chip supplier Broadcom hits $1 trillion market valuation for first time

Hindustan Times  

Broadcom Inc., a chip supplier for Apple Inc. hit a $1 trillion market valuation for the first time on Friday, after predicting a boom in demand for its artificial intelligence chips. Broadcom's stock rose 24 per cent to $224.80 in New York on Friday, its biggest one-day share-price rally since August 2009, when the precursor company Avago Technologies Ltd held …

Broadcom stock jumps 21%, hits four-year high on AI boom to top $1 trillion market value for first time
3 months, 2 weeks ago

Broadcom stock jumps 21%, hits four-year high on AI boom to top $1 trillion market value for first time

Live Mint  

Broadcom Inc. surged to a $1 trillion market valuation for the first time on Friday, December 13, after predicting a boom in demand for its artificial intelligence chips. The chip supplier for Apple Inc. and other big tech companies predicted sales of AI products would gain 65 per cent in the first quarter, far faster than its overall semiconductor growth …

Broadcom planning to complete deal for $69 billion acquisition of VMWare after regulators give OK
1 year, 4 months ago

Broadcom planning to complete deal for $69 billion acquisition of VMWare after regulators give OK

Associated Press  

SAN JOSE, California — Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The acquisition was able to go ahead after China’s State Administration of Market Regulation said Broadcom’s commitments, submitted Monday, would reduce the impact of the merger. Broadcom …

UK’s competition watchdog provisionally clears £53bn computer tech tie-up
1 year, 8 months ago

UK’s competition watchdog provisionally clears £53bn computer tech tie-up

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s competition watchdog has …

Broadcom’s $61 billion deal to buy VMware gets cleared by European Union regulators
1 year, 8 months ago

Broadcom’s $61 billion deal to buy VMware gets cleared by European Union regulators

Associated Press  

Computer chip and software maker Broadcom’s $61 billion proposed purchase of cloud technology company VMware got the green light Wednesday from European Union regulators who were satisfied by concessions to ease competition concerns. The European Commission, the EU’s executive arm and top antitrust enforcer, said Broadcom made comprehensive commitments to provide access and system connections to its only existing rival, …

EU probes Broadcom’s $61B VMware buy on competition concerns
2 years, 3 months ago

EU probes Broadcom’s $61B VMware buy on competition concerns

Associated Press  

LONDON — Computer chip and software maker Broadcom’s $61 billion deal to buy cloud technology company VMware is facing scrutiny from European Union regulators who voiced concern Tuesday over potential threats to competition. The in-depth investigation was opened due to Broadcom hardware that works together with VMware software, potentially locking out rival technology, the EU’s executive Commission said. Broadcom wants …

‘Broadcom intends to make VMware its flagship brand’
2 years, 8 months ago

‘Broadcom intends to make VMware its flagship brand’

Live Mint  

In May, US semiconductor giant Broadcom said it will acquire cloud and virtualization services provider VMware in a cash-and-stock deal worth $61 billion. The breadth of the customer base, portfolio, go-to-market, and the centrality of VMware in our customers’ operations is very different. Now that they’ve acquired VMware, they intend to make it the flagship brand of their company and …

Big tech deals keep coming: Broadcom buys VMware for $61B
2 years, 10 months ago

Big tech deals keep coming: Broadcom buys VMware for $61B

Associated Press  

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite an environment of rising inflation and economic uncertainty. Broadcom wants to establish a stronger foothold in the cloud computing market and VMware’s technology allows large corporations to blend public cloud access with internal …

Broadcom in talks to pay about $60 billion for VMware
2 years, 10 months ago

Broadcom in talks to pay about $60 billion for VMware

Live Mint  

Broadcom Inc. is in talks to pay around $60 billion for VMware Inc., people familiar with the matter said, in what would be one of the biggest takeover deals of the year. The VMware discussions, together with Elon Musk’s agreement late last month to buy Twitter Inc. for $44 billion, show that despite market volatility, major deals are still doable. …

Broadcom in Talks to Acquire VMware
2 years, 10 months ago

Broadcom in Talks to Acquire VMware

News 18  

-Chipmaker Broadcom Inc is in talks to acquire cloud service provider VMware Inc, people familiar with the matter told Reuters. The acquisition would further diversify Broadcom’s business away from semiconductors and into enterprise software, following its $18.9 billion acquisition of CA Technologies and its $10.7 billion purchase of Symantec Corp’s security division in the last four years. Michael Dell is …

Chipmaker Broadcom is in talks to buy cybersecurity company Symantec: Report
5 years, 8 months ago

Chipmaker Broadcom is in talks to buy cybersecurity company Symantec: Report

Firstpost  

A deal would expand Broadcom’s push into software a year after its $18.9 billion deal to buy US business software company CA Inc Chipmaker Broadcom Inc is in advanced talks to buy cybersecurity firm, Symantec Corp, according to sources familiar with the matter, as Broadcom seeks to diversify beyond semiconductors. A deal would expand Broadcom’s push into software a year …

Broadcom hopes to raise the Qualcomm Inc acquisition offer to $120 billion: Report
7 years, 1 month ago

Broadcom hopes to raise the Qualcomm Inc acquisition offer to $120 billion: Report

Firstpost  

Broadcom also plans to offer Qualcomm a higher-than-usual breakup fee in the event regulators thwart the deal, according to the sources. Broadcom Ltd plans to unveil a new approximately $120 billion offer for Qualcomm Inc on 5 February, aiming to ratchet up pressure on its US semiconductor peer to engage in negotiations, people familiar with the matter said on 4 …

Dell evaluating a public offering of common stock or a potential merger with VMware
7 years, 1 month ago

Dell evaluating a public offering of common stock or a potential merger with VMware

Firstpost  

A potential deal could help Dell keep up in a competitive storage market, as cloud-based rivals such as AWS and Microsoft Azure put pressure on prices. Computer maker Dell Technologies Inc said on Friday it is evaluating a potential public offering of its common stock or a combination with business software provider VMware Inc. Any potential deal could help the …

Dell Technologies is said to be considering IPO, other options
7 years, 2 months ago

Dell Technologies is said to be considering IPO, other options

Live Mint  

Seattle/New York: Dell Technologies is considering strategic options including a public stock offering, according to people familiar with the matter, as the corporate-technology company seeks ways to boost revenue and raise funds. That freed Dell to cut costs and work to become a bigger supplier of hardware and software for corporate data centers without the quarterly investor scrutiny that comes …

Broadcom reports better-than-expected quarterly proft after its bid to acquire Qualcomm intensifies
7 years, 3 months ago

Broadcom reports better-than-expected quarterly proft after its bid to acquire Qualcomm intensifies

Firstpost  

Broadcom’s move came after Qualcomm rejected its $70 per share bid, saying the offer undervalued the company and would face regulatory hurdles. Broadcom Ltd on 6 December reported a better-than-expected quarterly profit and boosted its dividend by 72 percent, days after the chipmaker took its $103 billion bid for Qualcomm Inc hostile. Shares of Broadcom rose 5 percent in extended …

Qualcomm takes another shot at ending Intel PC stranglehold
7 years, 3 months ago

Qualcomm takes another shot at ending Intel PC stranglehold

Live Mint  

San Francisco: Qualcomm Inc. is taking another stab at breaking into the market for personal-computer processors with a range of new devices it says will stay connected and run all day on one battery charge. The slim machines will have wireless connections via mobile phone chips that ensure they’re always receiving data and sip battery power in a way that …

Qualcomm rejects Broadcom acquisition offer, setting up $103 billion proxy fight
7 years, 4 months ago

Qualcomm rejects Broadcom acquisition offer, setting up $103 billion proxy fight

Live Mint  

San Francisco: Qualcomm Inc. rejected Broadcom Ltd’s $105 billion acquisition offer, kicking off what would be the largest technology takeover battle in history. “It is the board’s unanimous belief that Broadcom’s proposal significantly undervalues Qualcomm relative to the company’s leadership position in mobile technology and our future growth prospects,” said Paul Jacobs, executive chairman and chairman of the board of …

Deals Buzz: Broadcom offers $105 billion for Qualcomm, up to be largest tech deal
7 years, 4 months ago

Deals Buzz: Broadcom offers $105 billion for Qualcomm, up to be largest tech deal

Live Mint  

Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. Ltd, in a transaction that may rank among India’s largest renewable energy deals, reports Mint, citing multiple people aware of the development. Everstone Group agrees to buy Kenstar from Videocon associate firm Private equity firm Everstone Group has agreed to acquire Kenstar, a …

Broadcom offers to buy chip-maker Qualcomm in a $103 billion cash deal
7 years, 4 months ago

Broadcom offers to buy chip-maker Qualcomm in a $103 billion cash deal

Firstpost  

Qualcomm shareholders would get $60 in cash and $10 per share in Broadcom shares. Communications chipmaker Broadcom Ltd on 6 November said it offered to buy smartphone chip supplier Qualcomm Inc for $70 per share or $103 billion in cash and stock, in what would be the biggest technology acquisition ever. Broadcom’s offer is at a premium of 27.6 percent …

Broadcom offers $105 billion for Qualcomm in landmark deal
7 years, 4 months ago

Broadcom offers $105 billion for Qualcomm in landmark deal

Live Mint  

San Francisco: Broadcom Ltd offered about $105 billion for Qualcomm Inc., kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock the electronics industry. The lawsuit may prompt Apple to stop buying Qualcomm chips for use in the iPhone and other products, which would deal a major blow to a unit that drives …

Dell plans to use VMware to help pay for EMC deal: Report
9 years, 5 months ago

Dell plans to use VMware to help pay for EMC deal: Report

Firstpost  

Dell is planning to use equity in cloud software company VMware to help pay for its acquisition of EMC in a deal valuing the data storage company at more than $55 billion Dell is planning to use equity in cloud software company VMware to help pay for its acquisition of EMC in a deal valuing the data storage company at …

Why VMware Paid $1.26B for 70 Software Engineers
12 years, 7 months ago

Why VMware Paid $1.26B for 70 Software Engineers

Wired  

One of the reasons Google and VMware have been so successful over the past decade, says Eric Brewer, is that both companies managed to snatch some of the world's brightest engineers from the big-name research labs that petered out in the late 1990s. "At the time of the bubble burst in 2001, when everyone was downsizing, including DEC, the main …

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