VMware

Broadcom had been gearing up to announce an acquisition of VMware on Thursday. CNBC's David Faber reported that it could come sooner after several news ...

The move could help Broadcom further diversify its business away from semiconductors into enterprise software, which has been a key focus. CNBC's David Faber reported Monday that Broadcom had been gearing up to announce its acquisition of VMware as soon as Thursday, but the news could come sooner after several reports said the two companies were in talks. - CNBC's David Faber reported that it could come sooner after several news outlets reported the two companies were in talks.

Broadcom Inc is in talks to acquire cloud service provider VMware Inc in a $60 billion deal which would further diversify the chip manufacturer's business ...

Private equity firm Silver Lake, which has previously invested in Broadcom, is VMware's second largest shareholder with a 10% stake. That was blocked by U.S. President Donald Trump over concerns that it would give China the upper hand in mobile communications. Broadcom makes an array of chips used in products ranging from mobile phones to telecom networks. Broadcom Chief Executive Officer Hock Tan, a Malaysian-American billionaire, has been a prolific deal maker since taking the helm of what was a small chipmaker in 2006. That is a 46% premium to the value of VMware's shares on Friday. Register now for FREE unlimited access to Reuters.com

VMware expanded into cloud-native technologies over the years and has a diversified business, much related to the cloud. Broadcom isn't involved in much of ...

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NEW YORK/STOCKHOLM: Broadcom is in talks to acquire cloud service provider VMware in a US$60 billion deal which would further diversify the chip ...

Private equity firm Silver Lake, which has previously invested in Broadcom, is VMware's second largest shareholder with a 10 per cent stake. That is a 46 per cent premium to the value of VMware's shares on Friday. That was blocked by U.S. President Donald Trump over concerns that it would give China the upper hand in mobile communications.

VMware partners weigh-in on Broadcom acquisition, saying the software and cloud company needs to keep its channel partnerships intact if the semiconductor ...

When Dell was the primary owner, you had to work with them. Last July, the deal ultimately fell through due to reports of SAS Institute’s co-founders changing their minds. Everyone always thought VMware was going to go standalone, either separate itself as a public company or have a bunch of private equities buy it out,” said one sales leader from a VMware partner who did not wish to be identified. “Broadcom will need to make sure that it keeps [VMware’s] partner business intact. When EMC was the primary owner, you had to work with them. However, Broadcom’s stock is down 3 percent today, trading around $526 per share as of Monday afternoon. VMware was recently spun out of Dell Technologies in November, becoming an independent company for the first since 2004. VMware’s stock is up 21 percent as of Monday afternoon, trading at $115.81 per share. … Partners need to be able to work with VMware more than ever. “It’s a pretty simple message really: don’t screw VMware up by forgetting about the partners. “I don’t think there’s many channel partners that make any of CRN’s solution provider lists who isn’t a VMware partner,” said the executive. “Partners are going to have to work with VMware regardless.

Broadcom continues its hunt through the enterprise software market, this time negotiating to acquire virtualization giant VMware, reports say.

"The deal is appraised at somewhere in the $40 billion, but you could easily see a premium of 20% added. Sources cited in Bloomberg's report said news of the deal could be made at that time. "If this comes to pass it would be a strange exit for VMware," said Gary Chen, research director of IDC's Software Defined Compute practice. EMC sold part of its stake in the company via an IPO in 2007. Founded in 1998, the company was acquired by EMC Corp in 2004. According to a Bloomberg News report citing unnamed sources, "discussions are ongoing with no guarantee they will lead to an agreement."