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Broadcom in Talks to Acquire Cloud Company VMware

  • Purchase would extend chipmaker’s push into software
  • VMware has changed hands a number times since 1998 founding
Bloomberg business news
Broadcom Is in Talks to Buy VMware
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Broadcom Inc. could announce an agreement to acquire cloud-computing company VMware Inc. as soon as this week, according to people familiar with the matter, setting up a blockbuster tech deal that would vault the chipmaker into a highly specialized area of software.

The offer is likely to be mostly in the form of stock but would include a large cash element, said one of the people, who asked not to be identified because the matter isn’t public. Financing for the transaction is in place, the person added.