Broadcom Inc. completed its acquisition of VMware in 2023 for approximately US$69 billion.
The transaction was announced in May 2022 and completed on November 22, 2023. Broadcom paid a combination of cash and stock, making the deal one of the largest technology acquisitions ever completed. VMware was known for virtualization software that allows one physical computer to run multiple virtual machines.
The acquisition expanded Broadcom beyond semiconductors and infrastructure hardware into enterprise software. After the closing, Broadcom reorganized VMware’s business around private-cloud and subscription offerings. VMware’s end-user computing division was later sold to KKR in 2024, while Broadcom retained the core VMware cloud and virtualization operations.
The deal is relevant to market-cap comparisons because Broadcom is a major publicly traded technology company whose valuation reflects both semiconductor and software businesses. The transaction value is commonly rounded to US$69 billion, although reported figures can vary slightly depending on whether assumed debt and other adjustments are included.