Broadcom Inc., a major semiconductor and software company, faced a challenging third quarter in fiscal year 2024 as it reported a surprising net loss of $1.87 billion. This downturn, largely attributed to a significant one-time tax adjustment related to restructuring its intellectual property rights within the U.S., marks a substantial deviation from the $3.3 billion […]
In a significant move within the technology sector, KKR & Co. Inc. announced today its acquisition of the End-User Computing Division (EUC Division) from Broadcom Inc. (NASDAQ: AVGO), in a deal valued at approximately $4 billion. This strategic acquisition marks a pivotal step for the EUC Division, enabling it to operate as a standalone company […]
Broadcom Inc. (NASDAQ: AVGO), a leader in global technology specializing in semiconductor and infrastructure software solutions, has officially announced the completion of its acquisition of VMware, Inc. Following this acquisition, VMware’s common stock will no longer be traded on the New York Stock Exchange. This significant development marks a new era for both companies in […]
Broadcom’s proposed acquisition of VMware, a deal valued at $69 billion, has provisionally cleared the initial review by the UK’s Competition and Markets Authority (CMA). After an in-depth review, the independent CMA panel concluded that the merger would not weaken competition in the critical computer server products market. Broadcom, a leading US technology firm, manufactures […]
The European Commission has given Broadcom, a leading global technology firm specializing in semiconductor and infrastructure software solutions, conditional approval to proceed with its acquisition of VMware. This approval from the Commission is a recognition of the acquisition’s potential to stimulate growth in the multi-cloud ecosystem, broaden customer choices, and fuel innovation and competition. Broadcom […]