May 26 (Reuters) – Broadcom Inc (AVGO.O) said on Thursday it will acquire cloud computing company VMware Inc (VMW.N) in a $61 billion cash-and stock deal, the chipmaker's biggest and boldest bid to diversify its business into enterprise software.
The offer of $142.50 in cash or 0.2520 of a Broadcom share for each VMware stock represents a premium of nearly 49% to the stock's last close before talks of the deal were first reported on May 22. Broadcom will also assume $8 billion of VMware's net debt.
https://www.reuters.com/markets/us/chipmaker-broadcom-buy-vmware-61-bln-deal-2022-05-26/
maybe I havent been paying attention but didnt expect this news to land this AM.
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