Broadcom in talks to buy cloud service provider VMware

Chipmaker Broadcom is in talks to acquire cloud service provider VMware, Reuters news report said.
VMware at Mobile World CongressBroadcom is aiming to add enterprise software business to its semiconductor business. Earlier, Broadcom purchased CA Technologies for $18.9 billion and Symantec’s security division for $10.7 billion.

As of Friday’s market close, the market capitalization of VMware was $40.3 billion.

Michael Dell is VMware’s biggest investor with a 40 percent stake as a result of Dell Technologies having spun out VMWare to its shareholders last year.

Private equity firm Silver Lake, which has previously invested in Broadcom, is VMware’s second largest shareholder with a 10 percent stake.

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