The Clap Semiconductor company Broadcom is in advanced talks to acquire cloud computing company VMware.
More on the two companies Broadcom develops & supplies a range of semiconductor & software solutions, while VMware helps companies manage their cloud computing services.
The deets Broadcom will pay $140/share, a 46% premium on VMware’s closing price last Friday. Shares of VMware soared 25% when it opened on Monday. While the deal may still fall through, it could also be announced as early as this week.
Why this matters According to one analyst, the deal could triple Broadcom’s software revenue. The deal would also be 2022’s second-biggest acquisition following Microsoft’s acquisition of Activision Blizzard.