POTENTIAL DEAL DETAILS
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Broadcom Inc. (AVGO) is in talks to acquire cloud-computing company VMware Inc. (VMW), according to people familiar with the matter.
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.
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