Reuters reported that Broadcom is negotiating to acquire VMware, but the deal will not be completed quickly According to people familiar with the matter, chip manufacturer avgo. O is negotiating to acquire cloud service provider VMware (vmw. N). VMware is an old virtualization computing software developer. It is no stranger to old users of desktop operating system and server administrators. It was founded in Palo Alto in 1998 and also provides server and desktop virtualization solutions.
As of Friday's close, VMware's market value was $40.3 billion. It is unclear what terms of the transaction the two sides are discussing. The acquisition will enable Broadcom to further diversify its business from semiconductor business to enterprise software business.
Over the past four years, Broadcom has acquired enterprise software developer CA technologies for us $18.9 billion and Symantec's security department for us $10.7 billion.
On January 9, 2004, according to the terms of the final agreement announced on December 15, 2003, EMC (now Dell EMC acquired the company for us $625 million in cash. On August 14, 2007, EMC sold 15% of VMware to the public through an IPO. The share price was $29 per share and closed at $51 on the same day.
On August 22, 2019, VMware acquired cyber security companies carbon black and pivot with us $2.1 billion and US $2.7 billion respectively.
On January 13, 2021, VMware announced that its CEO pat Gelsinger, who was Intel's first chief technology officer, would leave. Gelsinger will join VMware's board of directors after stepping down as CEO. Zane Rowe, the current chief financial officer, will serve as interim CEO, and the board is looking for a replacement [8]
April 15, 2021, [Dell]( http://www.anrdoezrs.net/links/9019719/type/dlg/sid//https://www.dell.com/zh -The remaining shares of VMware / ALCn will not be split for at least five years.
On May 12, 2021, VMware announced that Raghu Raghuram would succeed Zane Rowe as CEO in his acting capacity.
On November 1, 2021, after submitting an application to the US Securities and Exchange Commission, VMware and Dell technologies completed the formal spin off of VMware from Dell technologies.
