Broadcom acquired VMware in 2023 for approximately $69 billion.
The transaction was completed on November 22, 2023, after Broadcom announced the agreement in 2022. VMware was a major enterprise-software company best known for virtualization, which allows one physical computer to run multiple virtual machines.
Broadcom had historically been strongly associated with semiconductors and infrastructure hardware. The VMware deal significantly expanded its software business and made enterprise technology a larger part of its corporate strategy.
The announced transaction value is often described as about $69 billion, although the precise value can vary with the treatment of debt and other financial details. VMware was founded in 1998 and had become a major supplier of virtualization software before the acquisition.