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Broadcom to Acquire VMware

Advances strategy to build the world’s leading infrastructure technology company
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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

Transaction Details

$61Bin cash and stock1

For each VMware share:

0.2520shares of Broadcom common stock

Pro Forma Ownership of Combined Company2

Broadcom expects to maintain its current
dividend policy of delivering

50%of its prior fiscal year free cash flow

“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 –


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.

About Broadcom

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.

Customer Success
Company Executives

About VMware

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.

Customer Success
Company Executives

1 Based on the closing price of Broadcom common stock on May 25, 2022
2 On a fully diluted basis