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Broadcom's creep from semiconductors to software was already quizzical. With the $61 billion purchase of VMware, the fog gets thicker. In announcing the VMware tie-up on Tuesday, Hock Tan said that software developer VMware should contribute $8.5 billion of EBITDA to the combined comp...
Broadcom posted a healthy beat-and-raise quarter, with the company continuing to benefit from its leadership in the hot networking/data center market. The $61B acquisition of VMware is very much consistent with the company's stated and established strategy, and VMware will further the...
With worsening financial markets, acquisition opportunities are beginning to reveal themselves. Cisco has spent $20 billion on bolt-on acquisitions since 2015; perhaps it’s time to go big, as Cisco’s business performance is deteriorating. Despite its many acquisition...
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Shares of cloud-computing infrastructure company VMWare (NYSE: VMW) are up 30% in the last week as of Thursday afternoon, according to data from S&P Global Market Intelligence . That's because rumors of semiconductor giant Broadcom (NASDAQ: AVGO) negotiating a deal p...
Broadcom's (NASDAQ:AVGO) planned $61 billion purchase of VMware (NYSE:VMW) comes with a $1.5 billion termination fee. VMWare (VMW) will be required to pay $1.5 billion if it accepts a superior bid from another party, unless it accepts the offer prior to the end of the day on July 5, where it ...
Dell Technologies (NYSE:DELL) shares climbed as much as 7% in- after-hours trading, Thursday, and the PC and tech services leader reported first-quarter results that blew past Wall Street analysts' forecasts. Following the close of trading, Dell (DELL) said that for the quarter ende...
VMware Inc. ( NYSE: VMW ) shares are up 20% after reports that Broadcom Inc. ( NASDAQ: AVGO ) announced that it was in talks to purchase the cloud solutions firm. According to sources familiar with the matter, the companies continue with talks, but there is no guarantee ...
Broadcom has announced a mega $69 billion deal to acquire VMware. The deal is the latest in a hugely successful acquisition spree in recent years. Given the modest profitability of VMware, I have some questions, outweighed by a superior performance of the core business. For ...
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...
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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...