In the cash-and-stock deal, Broadcom will also assume $8 billion of VMware’s net debt.
“Combining our assets and talented team with Broadcom’s existing enterprise software portfolio, all housed under the VMware brand, creates a remarkable enterprise software player,” VMware CEO Raghu Raghuram said in a news release from the company.
“Collectively, we will deliver even more choice, value and innovation to customers, enabling them to thrive in this increasingly complex multicloud era.”
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