Broadcom Inc. completed its acquisition of VMware in 2023.
The transaction closed on November 22, 2023, after Broadcom and VMware shareholders approved the deal and regulators reviewed it in several jurisdictions. Broadcom announced the agreement in May 2022, valuing VMware at approximately $61 billion in cash and stock, subject to adjustments. VMware develops virtualization and cloud-computing software, while Broadcom had historically been known especially for semiconductor and infrastructure-software businesses.
The purchase became one of the largest technology acquisitions of the period. After closing, Broadcom reorganized VMware’s business around subscription and hybrid-cloud offerings. The deal followed Broadcom’s earlier expansion into enterprise software through its acquisition of CA Technologies in 2018 and Symantec’s enterprise-security business in 2019.
The date can be confused with 2022 because that was the year the agreement was announced. Completion occurred the following year. Broadcom, founded as Avago Technologies after a 2015 acquisition of Broadcom Corporation, retained the Broadcom name and continued trading under the AVGO ticker.