Broadcom is the technology company that completed its acquisition of VMware for about $69 billion in 2023.
Broadcom announced the VMware deal in May 2022 and completed it on November 22, 2023, after obtaining regulatory approvals in multiple jurisdictions. The transaction expanded Broadcom’s infrastructure-software business and added VMware’s virtualization and private-cloud products.
Broadcom began primarily as a semiconductor company, producing components used in communications, networking, storage, and other electronic systems. Under chief executive Hock Tan, it also pursued large acquisitions in software, including CA Technologies and Symantec’s enterprise-security business.
The transaction is sometimes confused with Dell’s earlier ownership of VMware. Dell spun VMware out as an independent public company in 2021, before Broadcom agreed to buy it. Following the acquisition, VMware became part of Broadcom’s software operations rather than remaining separately listed.