Broadcom Inc. acquired VMware in a transaction completed in 2023.
Broadcom announced its agreement to acquire VMware in May 2022, and the transaction closed on November 22, 2023. The deal brought VMware’s virtualization and enterprise software businesses under Broadcom, which had historically been known for semiconductor and infrastructure-software products.
The announcement year and completion year are different, a common source of confusion. The agreement was announced in 2022, but regulatory reviews and closing procedures continued into 2023. VMware was founded in 1998 and became a major force in virtualization, while Broadcom was formed through the 2016 merger of Avago Technologies and Broadcom Corporation.