Broadcom’s planned acquisition of VMware could open opportunities to reach enterprise and telco companies alike with innovative technology. The question is whether Broadcom will let VMware further develop tools for 5G, software-defined networking (SDN), and other technologies.
Semiconductor manufacturer and infrastructure software vendor Broadcom confirmed Thursday that it has reached an agreement to buy VMware in a deal worth roughly $61 billion in stock and cash, subject to closing conditions, including regulatory and shareholder approval.
The merger agreement includes a “go-shop” provision under which VMware can consider alternative proposals from other parties for a period ending July 5, but if the deal stands and wins approval, it is expected to close by the end of January 2023.
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