Broadcom acquired VMware in 2023 for approximately 69 billion U.S. dollars.
VMware was founded in 1998 and became a major developer of virtualization software. Virtualization allows one physical computer or server to run multiple simulated machines, helping organizations use hardware more efficiently and manage data-center workloads.
Broadcom announced the transaction in 2022 and completed it on November 22, 2023. The deal was valued at about 69 billion dollars, including the assumption of VMware debt. After closing, Broadcom reorganized VMware around its virtualization and cloud software businesses.
The purchase expanded Broadcom beyond its traditional semiconductor operations. Broadcom had already built a large infrastructure-software business through acquisitions, including CA Technologies and Symantec's enterprise-security assets. VMware therefore became part of a broader strategy combining chips, connectivity, and enterprise software.