Broadcom, one of the world’s largest companies by market cap, acquired VMware in 2023.
Broadcom announced its agreement to buy VMware in May 2022, and the transaction was completed on November 22, 2023. The deal expanded Broadcom’s software business beyond its established semiconductor operations and infrastructure technology products.
VMware was founded in 1998 and became widely known for virtualization software, which allows multiple virtual computers or operating systems to run on one physical machine. Its products became important in corporate data centers and cloud infrastructure.
The acquisition year is distinct from the announcement year. Broadcom announced the planned purchase in 2022, but regulatory reviews and closing procedures meant that ownership formally changed in 2023.