Broadcom AVGO CEO Hock Tan’s acquisition of VMware Inc. for US $61 billion represents AVGO’s biggest bet ever that enterprise software demand will endure despite the turbulence in the economy.
Broadcom Buys VMware For $61 Billion – techlog360.com
Broadcom announced Thursday that it will buy cloud computing giant VMware for $61 billion to offer its enterprise customers “greater choice and flexibility to address the most complex IT infrastructure challenges.” The purchase, in particular, will be carried out through a transaction of cash and shares valued at 142.50 dollars per share.
Link: Broadcom Buys VMware For $61 Billion
via techlog360.com
