Thursday's agreement is believed to be the second-largest tech acquisition in the U.S. this year, behind only Microsoft's nearly $70 billion deal with Activision Blizzard in January. File Photo by John G. Mabanglo
Broadcom said it will rebrand as VMware once the deal closes and incorporate infrastructure and security software as part of the new brand.
![]()
The size of Thursday's deal is second this year only to Microsoft's acquisition of Activizion Blizzard in January. Photo by John Angelillo/UPI
"VMware's platform and Broadcom's infrastructure software solutions address different but important enterprise needs," Broadcom President Tom Krause said in a statement Thursday.
If it's approved by regulators, the deal is expected to close in fiscal 2023.
Thursday's agreement is believed to be the second-largest tech acquisition in the United States this year, behind only Microsoft's nearly $70 billion deal with Activision Blizzard in January.