Home Technology Broadcom swallows VMWare for $61 billion

Broadcom swallows VMWare for $61 billion

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It’s one of the biggest tech takeovers of all time: Broadcom has confirmed the purchase of VMWare for $61 billion, after it was rumored a few days ago. The semiconductor giant, which provides several of its chips to Apple for the iPhone, will now weigh its weight in the virtualization and cloud market.

Michael Dell, who owns 40.2% of the capital of VMWare, as well as the Silver Lake fund (10%), support the operation. The boards of directors of the two companies have also given the green light to the transaction which values ​​VMWare’s action by 44% compared to its price last Friday.

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Once VMWare in hand, Broadcom hopes to become the world leader in infrastructure technologies “. In other words, the group will go beyond its core business – electronic chips – to enter fully into the business software sector. And thus benefit from much more lucrative margins.

Broadcom tried to swallow Qualcomm in 2018, but the company was opposed by then-US President Donald Trump. This time, regulators should not be choosy.

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