2 years, 10 months ago

Broadcom in talks to pay about $60 billion for VMware

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. Microsoft Corp.’s pending acquisition of videogame heavyweight Activision Blizzard Inc. for roughly $75 billion currently registers as the biggest takeover of this year. 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.

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