EUR/USD 1.07070
-0.116%
Gold 2308.40
-1.151%
Oil 82.849
0.486%
USD/JPY 157.360
0.649%
GBP/USD 1.25193
-0.333%
GBP/JPY 197.009
0.323%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
[Non-US currencies fall] The New Zealand dollar fell 1.00% against the US dollar NZD/USD to 0.5918. The Australian dollar AUD/USD fell back below 0.65, down 1.00% on the day.The intraday gain of the U.S. dollar against the Canadian dollar USD/CAD expanded to 0.50%, currently trading at 1.3729.Financial website Forexlive commented on Canadas February GDP data: The mining, quarrying and oil and gas extraction industries grew 2.5% in February, the fourth expansion in five months, after a 2.3% decline in January. Transportation and warehousing also grew, increasing by 1.4% in February, the largest monthly increase since January 2023.The Baltic Dry Index rose 0.06% to 1,685 points.Italian Minister: G7 Energy Ministers discussed how to achieve the transition to not importing Russian natural gas.

Broadcom Is in Discussions to Acquire VMware

Aria Thomas

May 23, 2022 09:50

V1.png


People familiar with the subject told Reuters that chipmaker Broadcom (NASDAQ:AVGO) Inc is in talks to acquire cloud service provider VMware (NYSE:VMW) Inc.


According to the sources, negotiations between Broadcom and VMware are ongoing and a deal is not imminent. The terms of the proposed transaction could not be discovered.


The acquisition will diversify Broadcom's business away from semiconductors and into enterprise software, following its $18.9 billion acquisition of CA Technologies and its $10.7 billion acquisition of Symantec (NASDAQ:NLOK) Corp's security division over the past four years.


The deal was initially revealed by Bloomberg News on Sunday night. Broadcom and VMware did not reply immediately to requests for comment from Reuters. As of market closure on Friday, VMware had a market capitalization of $40.3 billion.


According to Refinitiv statistics, Michael Dell is VMware's largest investor with a 40 percent ownership as a result of Dell Technologies (NYSE:DELL) Inc spinning off VMWare to its shareholders last year.


Silver Lake, a private equity firm that has previously invested in Broadcom, is VMware's second largest stakeholder with a 10 percent stake, according to Refinitiv data.

Suggestion