Broadcom to buy VMware in $61 billion deal
Image Credit: vmware
Broadcom Inc said it will buy cloud service provider VMware Inc in a $61 billion cash-and-stock deal to further diversify the chipmaker`s business into enterprise software. Broadcom’s shares were up 1.6%, while those of VMWare were down nearly 1% in premarket trading. The acquisition is the second biggest announced globally so far this year, after Microsoft Corp`s $68.7 billion deal to buy video game maker Activision Blizzard Inc in January.