Did Broadcom buy VMware?

Mike Blake/Reuters Broadcom, the semiconductor giant, said on Thursday that it had agreed to buy the software company VMware in a transaction valued at $61 billion that would reshuffle the vast market for enterprise computing technology.

When will VMware's acquisition deal be announced?

If the negotiations prove successful, a deal could be announced as early as Thursday, when VMware is scheduled to report quarterly earnings, the sources added. Bloomberg News first reported the deal talks on Sunday, while the Wall Street Journal first reported on the acquisition terms on Monday.

Who owns VMware?

The agreement is also a coup for Dell Technologies Inc (DELL.N) Chief Executive Michael Dell, who spun VMware out of the computer maker last year. Michael Dell owns a 40% stake in VMware, while his financial backer Silver Lake, a private equity firm, owns 10%. They have both agreed to vote in favor of the deal.

Is Broadcom the biggest tech acquisition ever?

It’s one of the biggest tech acquisitions ever, behind Dell’s $67 billion EMC deal and Microsoft’s pending acquisition of Activision Blizzard for $68.7 billion. Broadcom is known for its chip business, designing and manufacturing semiconductors for modems, Wi-Fi, and Bluetooth chips across multiple devices.