 "This Is Feature Image Title")
Chipmaker Broadcom Inc is buying cloud services provider VMware Inc in a cash-and-stock deal valued at $61 billion to speed up its expansion into the enterprise software business.
The purchase announced on Thursday is the second-biggest globally so far in 2022, after Microsoft Corp's $68.7 billion buyout of video game maker Activision Blizzard Inc .
VMware shareholders will get $142.50 per share under the purchase, resulting in a premium of nearly 49% to the stock's close on May 22, when talks of the deal were first reported.
Broadcom will assume $8 billion of VMware net debt, the company said.
Broadcom
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
