Broadcom to Acquire VMware
Providing customers an expanded platform of critical infrastructure solutions to accelerate innovation and address the most complex information technology infrastructure needs
Enabling greater choice and flexibility to build, run, manage, connect and protect applications at scale
Bringing together two engineering-first, innovation-centric cultures with shared focus on innovation
For each VMware share:
Pro Forma Ownership of Combined Company2
Broadcom expects to maintain its current
dividend policy of delivering
“Together, Broadcom and VMware will help enterprises accelerate innovation and expand choice by addressing their most complex technology challenges in the multi-cloud era.”
– Hock Tan –
BROADCOM PRESIDENT AND CEO
Roadmap to Completion
- Expected close in Broadcom’s fiscal year 2023
(ending October 29, 2023)
- Subject to regulatory approvals and customary closing conditions, including approval by VMware shareholders
Following the closing of the transaction, the Broadcom Software Group will rebrand and operate as VMware, incorporating Broadcom’s existing infrastructure and security software solutions as part of an expanded VMware portfolio.
Broadcom Inc., a Delaware corporation headquartered in San Jose, California, is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Broadcom’s category-leading product portfolio serves critical markets including data center, networking, enterprise software, broadband, wireless, storage and industrial. Our solutions include data center networking and storage, enterprise, mainframe and cyber security software focused on automation, monitoring and security, smartphone components, telecoms and factory automation.
VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives businesses the flexibility and choice they need to build the future.
1 Based on the closing price of Broadcom common stock on May 25, 2022
2 On a fully diluted basis