Broadcom to Acquire VMware in Massive $61B Deal
upstart writes:
Broadcom to acquire VMware in massive $61B deal - TechCrunch:
Sometimes when there is smoke, there is actually fire. Such was the case with the rumors of Broadcom's interest in VMware this past weekend. It turns out that fire was burning hot, and today, Broadcom announced it is acquiring VMware in a massive $61 billion deal.
The deal is a combination of cash and stock, with Broadcom assuming $8 billion in VMware debt.
With VMware, Broadcom gets more than the core virtualization, which the company was built on. It also gets other pieces it acquired along the way to diversify, like Heptio for containerization, and Pivotal, which helps provide support services for companies transitioning to modern technology. At the same time it bought Pivotal, it also acquired security company Carbon Black.
That touches upon a lot of technology, but it begs the question, where does it all fit with Broadcom (which has spent a fair amount of money in recent years buying up a couple of key software pieces prior to today's announcement)?
[...] VMware CEO Raghu Raghuram put the typical positive spin on the deal about the two companies being better together. "Combining our assets and talented team with Broadcom's existing enterprise software portfolio, all housed under the VMware brand, creates a remarkable enterprise software player," he said in a statement, referring to those two other pieces Broadcom already owns.
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Previously: Broadcom in Talks to Buy Cloud Computing Firm VMWare
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