Broadcom completed its acquisition of VMware in 2023 for approximately $69 billion.
Broadcom announced the proposed transaction in May 2022 and completed it on November 22, 2023, after receiving regulatory approvals. VMware was known for virtualization software, which lets organizations run multiple virtual computers on shared physical hardware.
The acquisition expanded Broadcom’s software business beyond its long-established semiconductor operations. Broadcom sells chips and infrastructure hardware used in communications, networking, storage, and other systems. After the deal, VMware became part of Broadcom’s infrastructure-software segment.
The transaction is often described as a $69 billion acquisition, but the final value can vary depending on whether sources discuss equity value or enterprise value. It was not an acquisition by Dell, although Dell had previously owned VMware as a separate public company before spinning it off in 2021.