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POTENTIAL DEAL DETAILS
| Stock | VMware, Inc. | Symbol | VMW |
| Date Announced | 05/22/2022 | Source | Bloomberg |
| Type | Unsolicited Bid | Acquiring Company/Person | Broadcom Inc. |
| Date of Confirmation: | 05/26/2022 | Price at Confirmation: | $124.36 |
| Potential Profit: | 4.13% | Annualized Profit: | 376.67% |
Broadcom Inc. (AVGO) is in talks to acquire cloud-computing company VMware Inc. (VMW), according to people familiar with the matter.
Update(s):
May 23, 2022: Broadcom (AVGO) is in talks to pay around $60 billion for VMware (VMW) people familiar with the matter said, in what would be one of the biggest takeover deals of the year.
May 26, 2022: Broadcom Inc. (AVGO), and VMware, Inc. (VMW), 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, based on the closing price of Broadcom common stock on May 25, 2022.
In addition, Broadcom will assume $8 billion of VMware net debt.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.