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Full Roster of Big Banks Line Up for Broadcom-VMware Deal

  • Eight large investment banks are included on deal materials
  • Broadcom advisers to also reap fees on financing package
Last Day Of Trading For 2021 On Floor Of NYSE
Photographer: Michael Nagle/Bloomberg

More than a half-dozen Wall Street banks are supporting Broadcom Inc.’s $61 billion acquisition of VMware Inc., the biggest software deal in years.

Goldman Sachs Group Inc. and JPMorgan Chase & Co. are advising VMware, while Broadcom is working with Barclays Plc, Bank of America Corp., Citigroup Inc., Credit Suisse Group AG, Morgan Stanley and Wells Fargo & Co., according to an announcement Thursday.