Broadcom (US.AVGOF) to Buy VMware (US.VMW) for $61 Billion - 26 mai 2022

Broadcom Inc. Chief Executive Hock Tan’s $61 billion deal to buy VMware Inc. marks the biggest bet yet that the boom in enterprise software demand will endure despite the economic tumult—and that bundling disparate offerings of low-profile products can yield outsize returns. The deal to buy VMware, announced Thursday after The Wall Street Journal reported on the talks earlier in the week, would push Broadcom deeper into a software world populated by incumbents such as International Business Machines Corp. and Oracle Corp. as well as independent companies that specialize in niche applications.

Under the deal, one of the year’s biggest takeovers, VMware shareholders will elect to receive either $142.50 in cash or 0.252 Broadcom shares for each VMware share. Based on Broadcom’s closing price Wednesday, the deal offers a total per-share value of $138.23, a 44% premium to VMware’s close on May 20, the last trading day before media reports of the deal. Broadcom also will assume $8 billion of VMware’s debt.

https://www.wsj.com/articles/broadcom-to-buy-vmware-for-61-billion-11653563847?mod=tech_lead_pos1