Broadcom announces plan to buy VMWare in $61B deal – Naples FL

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Broadcom is set to purchase VMWare in a cash-and-stock deal valued at around $61 billion, a move that could help the semiconductor company move into the enterprise software space.

Broadcom headquarters

The two companies announced the deal, which would be one of the largest technology acquisitions ever, on Friday. The $61 billion price tag is based on the closing price of Broadcom stock on May 25, according to CNBC.