Broadcom has just completed its latest groundbreaking acquisition – an eye-watering US$69 billion deal to buy the cloud computing firm VMware
Broadcom and its shrewd CEO Hock Tan certainly have themselves a reputation for proficiency in the field of M&A.
Look no further than the chipmaker’s latest groundbreaking acquisition, an eye-watering US$69 billion deal to buy cloud computing firm VMware.
Broadcom itself was the product of a big-money takeover when Avago, with Tan at the helm, purchased Broadcom Corporation for US$37bn and decided to rebrand by adopting its name.
In fact, it’s fair to say Tan has built his career on making similarly smart business decisions and bold acquisitions.
Dawn of a new era for Broadcom
Announcing Broadcom’s latest acquisition, Tan said the deal represented the dawn of a “new and exciting era”.
The company has outlined its intention to invest significantly in the advancement of VMware’s innovation and customer value, with half of this investment in R&D and the other half helping to accelerate the deployment of solutions through VMware and partner professional services.
