Broadcom in talks to acquire VMware, the cloud computing company
Broadcom, the semiconductor giant, is in talks to acquire VMware, according to a person familiar with the matter.
A deal is not yet final, the person said Sunday evening, who was not authorized to discuss it publicly. The terms of any potential agreements have not been disclosed.
Broadcom has long been a very buyer and its CEO, Hock E. Tan, is known for doing business. The chip company, which was headquartered in Singapore but moved its headquarters to San Jose, California, initially bought mainly other chip companies. But since its $ 117 billion deal to purchase US chip maker Qualcomm has been blocked in March 2018 by President Donald J. Trump when it comes to national security, Broadcom has diversified its goals. He bought the software company CA technologies for $ 18.9 billion in the same year and a security division of Symantec for $ 10.7 billion in 2019.
VMware, which was spun off from Dell Technologies last November, is known for producing virtualization software, which allows one computer to act like many machines and essentially makes computing more efficient. It has also diversified and manufactures a range of data center software.
A VMware spokesperson declined to comment.
Don Clark contributed reportage.