Broadcom news stories

Broadcom is set to acquire VMware for approximately USD$61Billion in cash and stock. Additionally, Broadcom will assume $8 billion of VMware net debt.

The collaboration aims to accelerate innovation and optimise cloud services integration within Broadcom’s core software franchises.

As part of the partnership, the majority of Broadcom's Symantec enterprise consulting team will transition to HCL.

Both companies gained the highest score for the identity management theme in GlobalData’s Thematic Scorecard for the security software sector.

"M&A has played a central role in Broadcom's growth strategy and this transaction represents the next logical step in our strategy following our acquisitions of Brocade and CA Technologies," says Broadcom CEO

Broadcom has added some new talent to its ranks with its latest appointment.

The Wi-Fi Alliance says it has made the changes so that people can understand what Wi-Fi technology their device supports, and when they’re connecting to older Wi-Fi technology.

Combined, the companies plan to build what they call ‘one of the world's leading infrastructure technology companies’.

Qualcomm say regulatory and revenue risks are too high as billion-dollar customers threaten to take business elsewhere.

The deal was first announced in November last year but had experienced delays.

Broadcom’s US$5.9b acquisition of Brocade has stalled, with a knock on effect for Extreme’s acquisition of Brocade's data centre networking business.

From these newly acquired assets, Extreme hopes to generate over $230 million in annualised revenue.