Broadcom Completes Acquisition of VMware for $69 Billion
Industry-Leading Deal Bolsters Broadcom's Cloud and Software Portfolio
Emerges as a Technology Powerhouse with Enhanced Enterprise Solutions
SANTA CLARA, Calif. - November 22, 2023 - Broadcom Inc. (AVGO) announced today the successful completion of its $69 billion acquisition of VMware, Inc. (VMW), a leading provider of cloud computing and virtualization solutions.
The historic deal, which was announced in May 2023, brings together two industry giants to create a comprehensive technology powerhouse. Broadcom, known for its semiconductor manufacturing prowess, gains access to VMware's extensive cloud software offerings, including its popular virtualization platform, vSphere.
Hock Tan, President and CEO of Broadcom, stated, "This acquisition is a transformative milestone for Broadcom. VMware's industry-leading products and services will significantly enhance our ability to help enterprise customers accelerate their digital transformation journeys."
VMware's technology will strengthen Broadcom's focus on enabling enterprises to modernize their private and public cloud infrastructures. The combined company will offer a broad portfolio of solutions that span hardware, software, and services, providing customers with a single source for all their technology needs.
Pat Gelsinger, CEO of VMware, added, "We are excited to join forces with Broadcom. This acquisition will create a technology leader with the scale and resources to drive innovation and bring transformative solutions to our customers worldwide."
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