Broadcom Inc.’s pursuit of enterprise software provider VMware Inc. is set to rank as one of the technology sector’s largest-ever takeovers.
The potential purchase, first reported by Bloomberg News, would be the latest in a series of transactions this year valued at upwards of $50 billion including debt. Megadeals have come roaring back as ambitious chief executives plot blockbuster acquisitions that would transform their industries, even as overall M&A volumes remain down compared to last year’s record pace.
