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Broadcom Inc. (NASDAQ: AVGO) has announced that it’s set to acquire enterprise software firm VMware, Inc. (NYSE: VMW) in a cash and stock deal amounting to $61 billion. In its announcement on Thursday, Broadcom said it would be acquiring all of VMware’s outstanding sha...
MONSEY, N.Y., May 26, 2022 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating whether the directors of VMware, Inc. (ticker: VMW) (“VMware”) acted in the best interests of VMware shareholders in approving the sale of VMware to Broadcom Inc. (“B...
Stock Market Today Mid-Morning Updates On Thursday, the Dow Jones Industrial Average is up by 400 points and up by 2.8% for the week. It is, however, in the midst of its first eight-week losing streak since the 1920s. Nvidia ( NASDAQ: NVDA ) is in focus today after it re...
Broadcom's (NASDAQ:AVGO) $61 billion stock-and-cash deal for VMware (NYSE:VMW) was hammered out in a few weeks and is likely the reason why the transaction has a go-shop period. The deal is said to have a break fee of about 1.2% and reverse termination fee of 2.5%, according to CNBC's David F...
VMware press release (NYSE:VMW): Q1 Non-GAAP EPS of $1.28 misses by $0.28. Revenue of $3.09B (+3.3% Y/Y) misses by $100M. Shares +0.8% PM. Subscription and SaaS revenue was $899M, an increase of 21% Y/Y. VMware has entered into a definitive agreement to be acquired by Broadcom (AVGO) for $61B...
Broadcom press release (NASDAQ:AVGO): FQ2 Non-GAAP EPS of $9.07 beats by $0.35. Revenue of $8.1B (+22.5% Y/Y) beats by $190M. Shares +1.6% PM. Q3 Outlook: Revenue of approximately $8.4B vs. consensus of $7.97B; Adjusted EBITDA of approximately 63.5% of projected revenue. The company's Bo...
Total Revenue growth of 3% year-over-year Subscription and SaaS Revenue of $899 million, an increase of 21% year-over-year VMware Enters into Definitive Agreement to be Acquired by Broadcom VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software,...
Broadcom (NASDAQ:AVGO) agreed to acquired VMware (NYSE:VMW) for about $61 billion in cash and stock. Under the terms of the deal, VMW holders can elect to receive $142.50 in cash or 0.2520 share of Broadcom common stock for each VMware share, according to a statement. Upon close, current AVGO...
Broadcom to Acquire VMware for Approximately $61 Billion in Cash and Stock PR Newswire Advances Broadcom's strategy to build the world's leading infrastructure technology company, with track record of acquiring established, mission-critical platforms Brings tog...
VMware (NYSE:VMW) FQ1 2023 consensus EPS estimate is $1.56 and consensus revenue estimate is $3.19B. VMW is scheduled to announce FQ1 2023 earnings results tomorrow, May 26, after market close. Over the last 2 years, VMW has beaten EPS and revenue estimates 100% of the time.. O...
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Receives Final Regulatory Approval for Transaction Broadcom Inc. (NASDAQ: AVGO) and VMware, Inc. (NYSE: VMW) today announced that they have received all required regulatory approvals and intend to close Broadcom’s acquisition of VMware on November 22, 2023. Broadcom has recei...
2023-11-18 11:30:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...