Which company acquired VMware in 2023 in Broadcom's major software-industry deal?

Broadcom Inc. acquired VMware in 2023 in a major software-industry deal.

Broadcom completed its acquisition of VMware on November 22, 2023. The transaction was valued at approximately $69 billion and combined Broadcom's semiconductor and infrastructure-software businesses with VMware's virtualization and cloud-management products.

VMware was founded in 1998 and became one of the best-known companies in server virtualization. Its software allowed organizations to run multiple virtual machines on a single physical server, helping data centers use computing resources more efficiently. VMware was previously part of Dell Technologies before being spun off as an independent public company in 2021.

The acquisition expanded Broadcom's role in enterprise software. It also drew regulatory scrutiny, particularly in Europe, where authorities examined competition issues before clearing the transaction subject to conditions. VMware continued as a Broadcom business after the closing.