Broadcom is acquiring VMware for $61 billion

Broadcom is acquiring VMware in a $61 billion cash-and-stock deal. It’s one of the biggest tech acquisitions ever, behind Dell’s $67 billion EMC deal and Microsoft’s pending acquisition of Activision Blizzard for $68.7 billion. Broadcom is known for its chip business, designing and manufacturing semiconductors for modems, Wi-Fi, and Bluetooth chips across multiple devices.

This giant acquisition for VMware is designed to boost Broadcom’s software business. VMware, which was owned by Dell until it was spun off last year, focuses on cloud computing and virtualization technology. If you’ve used a virtual machine at work over the past decade, the chances are it was powered by VMware or its competitor Citrix. Devices from Apple, Google, and...

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