Broadcom announced the completion of the acquisition of VMware and will strengthen its layout in private cloud and hybrid cloud services

News from this site on November 23, Broadcom issued a statement on November 22, local time, announcing the completion of its US$69 billion (currently approximately 494.04 billion yuan) acquisition of VMWare. The Company's common stock will cease trading on the New York Stock Exchange.

Chen Fuyang, Broadcom’s president and CEO, said he hopes to strengthen his presence in the field of hybrid cloud services through this transaction. He believes that after VMware joins Broadcom, it will be able to help global enterprises better adopt private cloud and hybrid cloud environments, thereby improving security and resiliency

Broadcom received a valid approval from China’s State Administration for Market Regulation on Tuesday. Conditions approved. According to the review decision of China’s State Administration for Market Regulation, the combined company cannot abuse its market position in several areas, including continuing to ensure the interoperability of VMware’s server virtualization software with third-party related hardware products sold in the Chinese domestic market. Operability.

In May 2022, Broadcom announced its intention to acquire VMware. The purchase price per share was US$142.50, and the total acquisition value was approximately US$61 billion (approximately RMB 436.76 billion). In addition, Broadcom will also assume VMware’s US$8 billion (approximately RMB 57.28 billion) net debt

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