Broadcom Inc., a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, and VMware, Inc., a leading innovator in enterprise software, announced an agreement under which Broadcom will acquire all the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately $61 billion. In addition, Broadcom will assume $8 billion of VMware net debt.
VMware, a leading provider of multi-cloud services, pioneered virtualization technology. The company played a leading role in virtualizing networking and storage before evolving to become a provider of hybrid clouds and digital workspaces. Today, VMware’s multi-cloud portfolio spans application modernization, cloud management, cloud infrastructure, networking, security and anywhere workspaces, forms a flexible, consistent digital foundation on which enterprises across industries build, run, manage, connect, and protect their most important and complex workloads.
Following the closing of the transaction, the Broadcom Software Group will rebrand and operate as VMware, incorporating Broadcom’s existing infrastructure and security software solutions as part of an expanded VMware portfolio.
By bringing together the complementary Broadcom Software portfolio with the VMware platform, the combined company will provide enterprise customers an expanded platform of critical infrastructure solutions to accelerate innovation and address the most complex information technology infrastructure needs. The combined solutions are designed to enable customers across all industry verticals greater choice and flexibility to build, run, manage, connect, and protect applications at scale across diversified, distributed environments, regardless of where they run.