Ever since then, questions have abounded in tech circles about Broadcoms intentions. The two companies negotiated about 20 days before agreeing to a purchase price of $142.50 per share of VMware While the deal has yet to close, it's already causing chaos Chip-maker Broadcom announcing this morning that it will be buying cloud computing company VMware in a $61 billion cash and stock deal rumored earlier this week. Broadcom and VMware announced their merger on May 26. Broadcom on Thursday beat Wall Street's targets for its fiscal second quarter and confirmed a deal to buy VMware. The deal, which includes Broadcom's assumption of around $8 billion in VMware debt, represents a 44% premium to the closing price of VMware common stock on May 20, the companies said. Part of the reason was that investors may have already priced in the acquisition, given that speculation had been circulating since early this week. I was an employee of a previous acquisition Symantec and I worked for Broadcom for a year post acquisition. Broadcom Software Group to rebrand as VMware Broadcom Inc. on Thursday announced plans to acquire VMware in a cash and stock transaction valued at $61 billion, confirming rumors reported over the weekend that the two companies were in acquisition talks. Broadcom, a low-level company in the US peninsula, also known as Broadcom, announced the acquisition of VMWare, a well-known virtualization and private cloud company, for $61 billion. Broadcom, a semiconductor technology company, has said that it is set to acquire VMware, a multi-cloud services provider, for about US$ 61 billion in a cash-and-stock transaction. in a cash-and-stock transaction that values VMware at approximately $61 billion, based on the closing price of Broadcom common stock on May 25, 2022. What should you know about the VMware-Broadcom deal? The shareholder election will be subject to proration, resulting in approximately 50% of VMware's shares being exchanged for cash consideration and 50% being exchanged Under the deals terms, VMware shareholders can elect to get $142.50 in cash or 0.2520 share of Broadcom common stock for each VMware share. Microchip manufacturer Broadcom has offered $61 billion to buy cloud computing and virtualization company VMWare The deal would see shareholders receiving cash Broadcom (ticker: AVGO) stock was up 0.5%, and VMware (VMW) was flat at $120.56. On Tuesday, employees started asking if the company had an acquisition. VMware will become the new name of the Broadcom Software Group, with just under half the chipmakers revenues coming from software following completion of the takeover.. Building on its previous acquisitions of CA Technologies and the Symantec enterprise Under the terms of the agreement, VMware shareholders will choose to receive either $142.50 in cash or 0.2520 a common share of Broadcom for each VMware share. VMware Stock Trades at 11% Discount to Broadcom Offer By Andrew Bary May 26, 2022 3:55 pm ET Order Reprints Print Article VMware stock is trading at an 11% discount In May, the chip giant Broadcom announced it would acquire the software firm VMware for a whopping $61 billion. VMware bid likely to go ahead On 26 May, Broadcom announced plans to acquire VMware (VMW), a leading provider of multi-cloud services, in a deal worth $61bn With a purchase price of $61 billion, VMware is by far Broadcoms biggest acquisition to date, which puts intense pressure on Broadcom to make it a growing, Hock Tan addresses Broadcoms multi-cloud strategy, cloud-native apps and VMware pricing in a new blog post Broadcom announced plans to acquire VMware in May, in In a statement put out by VMware, the group said under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, VMware shareholders can either elect to receive $142.50 (118.55) in cash or 0.2520 shares of Broadcom common stock for each VMware share they have.. According to the deal, the chipmaker will also assume US$ 8 billion of the software company's net debt. Broadcom will acquire VMware for $61 billion in cash and shares, depending on the closing price of Broadcom ordinary stock on May 25, 2022, the firms said on Thursday. The San Jose, Calif.-based hybrid cloud and hyperconverged software specialist generated $386 million in fourth-quarter sales, down 1 percent year over year, but above Broadcom is mulling a cash-and-stock offer of around $140 per share for VMware, making it a $60 billion deal potentially, according to the Wall Street Journal. For the current quarter, Broadcom forecast revenue of $8.4 billion, topping Wall Street's estimate of $8 billion. VMware shareholders receive either $142.50 in cash or 0.2520 shares of Broadcom common stock for each VMware share. It seems that for now, Broadcom ( AVGO) and VMWare (VMW) customers can rest assured that price increases are not on the agenda. Upon closing, Broadcom A year later, Broadcom paid $10.7 billion in cash for Symantec Enterprise Security software unit. It turns out that fire was burning hot, and today, Broadcom announced it is acquiring VMware in a massive $61 billion deal. The stock market has had a mixed reaction to Broadcom intended $61 billion acquisition of competitor VMware But one analyst believes fundamentals alone make the company a Buy. The deal will be the second The companies estimate that deal will close sometime in 2023. In addition, Broadcom will assume $8 billion of VMware net debt. Broadcom has confirmed its plan to acquire VMware for USD 61 billion in cash and stock. Another assumption is the timing. The acquisition is said to have been made quietly without the employees' knowledge. in a cash-and-stock transaction that values VMware at approximately $61 billion, based on the closing price of Broadcom common stock on May 25, 2022. The deal represents a 32% premium over VMwares average stock price before the rumor. The stock market seemed unenthused at the official announcement on Thursday. announced an agreement under which Broadcom will acquire all of the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately $61 billion, VMware, a leading provider of multi-cloud services for all apps, pioneered virtualization technology, an Broadcom Inc. ( NASDAQ: AVGO ), a semiconductor technology company, is reportedly in talks to acquire cloud computing and virtualization technology company VMware, Inc. ( NYSE: VMW ), for $60 billion. Broadcom is offering VMWare shareholders an option to take either $142.50 in cash for each share they own or 0.252 shares of Broadcom stock. VMware, a leading provider of multi-cloud services for all apps, pioneered virtualization technology, an Broadcom and VMware announced their merger on May 26. A provider of multi-cloud services for apps, VMW is to be acquired for $61bn (50bn) on 25 May 2022, based on the closing price of Broadcom ( AVGO) common stock. When the deal completes, which is Broadcom stock rose. The The deal is a combination of cash and stock, The deal would be one of the largest technology acquisitions of all time, behind Microsoft s pending $69 billion deal to purchase Activision Blizzard and Dell s $67 billion The two companies negotiated about 20 days before agreeing to a purchase price of $142.50 per share of VMware stock. Now that's final. Broadcom announced plans to acquire VMware in May, in a cash and stock transaction valued at $61 billion. Broadcom stock fell as much as 4.74 percent overnight by 10:00 a.m. EST on May 23. The VMware deal is the latest in Broadcoms pursuit of growth through acquisitions; VMware stock, which similarly gained 10.4% since the announcement, closed Tuesday at $128.10 a share. Strong quarterly results. The deal, which includes Broadcom's assumption of around $8 billion in VMware debt, represents a 44% premium to the closing price of VMware common stock on May 20, A provider of multi-cloud services for apps, VMW is to be acquired for $61bn (50bn) on 25 May 2022, based on the closing price of Broadcom common Chip-maker Broadcom announcing this morning that it will be buying cloud computing company VMware in a $61 billion cash and stock deal rumored earlier this week. Under the terms of the proposed acquisition, announced on May 22nd, VMW shareholders will elect to receive either $142.50 per share or 0.252 shares of Broadcom for Broadcom stock rose. Broadcom also said it agreed to acquire VMware for about $61 The Assuming that the deal is paid 100% in cash, the spread is currently 20.88%, and assuming the deal price is 100% Broadcom stock, the spread is 7.49%. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, VMware shareholders will elect to receive either If Vmware is acquired by Broadcom, run and do not look back. More likely it will be 50:50 cash to stock ratio, but it could fall anywhere within the range. The shareholder election will be subject to proration, resulting in approximately 50% of VMware's shares being exchanged for cash consideration and 50% being exchanged Broadcom on Thursday beat Wall Street's targets for its fiscal second quarter and confirmed a deal to buy VMware. In addition, Broadcom will assume $8 billion of VMware net debt. 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