Broadcom in talks to acquire cloud company VMware

Broadcom in talks to acquire cloud company VMware

Bloomberg: Broadcom Inc. is in talks to acquire VMware Inc., the cloud-computing company backed by billionaire Michael Dell, setting up a blockbuster tech deal that would vault the chipmaker into a highly specialized area of software.

The takeover discussions are ongoing and there’s no guarantee they will lead to an agreement, people with knowledge of the matter said, asking not to be identified because the talks are private. VMware currently has a market valuation of about $40 billion. Assuming a typical premium, the potential deal price would be higher, though the terms under consideration couldn’t be learned.