What price is Broadcom paying for VMware?
approximately $61 billion
Broadcom will acquire all outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately $61 billion.
How much did EMC pay for VMware?
EMC to acquire VMware for $635M | Computerworld.
Why Broadcom acquire VMware?
The principal reason they are acquiring VMware, besides the strength of our portfolio, is the fact that they want to be leaders in infrastructure software and have the richest portfolio of software in infrastructure and management. That’s really what they’re trying to build as a software organisation.
Is Broadcom still buying VMware?
chopping block when the acquisition is completed next year. Late last month, Broadcom agreed to acquire VMware in a cash and stock deal worth approximately $61 billion.
Why is Dell selling VMware to Broadcom?
Broadcom’s purchase of VMware will help the company diversify away from its core business of designing and selling semiconductors into enterprise software, which can have larger margins. VMware’s products are used by enterprises to more efficiently run their own servers as well as cloud servers.
Who else might buy VMware?
Chip giant Broadcom said Thursday that it plans to acquire software firm VMware for $61 billion. VMware could help Broadcom expand into cloud products to compete with Amazon and Microsoft. Broadcom previously tried to acquire chipmaker Qualcomm, but now it wants to expand into software.
Why did Dell spin-off VMware?
The spin-off from Dell Technologies provides VMware increased freedom to execute its multi-cloud strategy, a simplified capital structure and governance model, and additional operational and financial flexibility.
Who will buy VMware after spin-off?
1, 2021 /PRNewswire/ — Dell Technologies (NYSE: DELL) has completed the spin-off of its 81% equity ownership of VMware Inc.
Will anyone else buy VMware?
Broadcom will buy VMware in a cash-and-stock transaction valued at $61 billion, based on the closing price of Broadcom common stock on May 25, 2022, the companies announced Thursday.
Who else could buy VMware?
The Big 3 (AWS, Microsoft and Google) cloud providers, Cisco Systems and Intel could be logical contenders to buy VMware, but some industry analysts don’t expect other suitors to step forward and thwart Broadcom’s deal.
Will Cisco Buy VMware?
Cisco will purchase $150 million of VMware Class A common shares currently held by EMC Corporation, VMware’s parent company, subject to customary regulatory and other closing conditions including Hart-Scott-Rodino (HSR) review.
Is VMware an acquisition target?
This is hardly the first time VMware has been an acquisition target. Founded in 1998, the company was acquired by EMC Corp. in 2004. EMC sold part of its stake in the company via an IPO in 2007.
What will happen to Dell stock after VMware spin off?
Each share of VMware Class B Common Stock was converted into one share of VMware Class A Common Stock in connection with the distribution and prior to the receipt by Dell’s stockholders of such shares. Dell stockholders will receive cash in lieu of any fractional shares of VMware Class A Common Stock.
What percentage of VMware is owned by Dell?
Under the terms of the transaction, VMware is paying a special dividend of about $12 billion to shareholders, of which more than $9 billion is going to Dell on account of the latter company’s 81% stake.
What do Dell shareholders get from VMware spinoff?
VMware has also distributed a special cash dividend of $11.5 billion to all VMware shareholders, including Dell Technologies, which has received $9.3 billion and will use the funds to pay down debt.
What do Dell shareholders get from VMware spin-off?
Class A common stock and Class B common stock to Dell Technologies stockholders is 0.440626. Accordingly, Dell Technologies stockholders will receive 0.440626 of a share of VMware Class A common stock for each share of Dell Technologies common stock held as of 5:00 p.m. ET on October 29, 2021.
What is the best alternative to VMware?
Top 10 Alternatives to VMware vSphere Hypervisor
- Azure Virtual Machines.
- Oracle VM.
- Citrix Hypervisor.
- Proxmox VE.
- KVM.
- Red Hat Virtualization.
- VirtualBox.
- Xen Project.
Who are VMware top competitors?
Top VMware Alternatives
- Cisco.
- Juniper.
- Arista Networks.
- HPE (Aruba)
- Nokia (Nuage Networks)
- Dell Technologies.
- Huawei.
- Lenovo.
Does VMware have future?
Overall, the vision of the future is clear: The company intends to beef up security and networking, reinforce its dominance in cloud management, and become a major player in the world of multicloud management including the emergence of Kubernetes platforms for managing hybrid and multicloud compute capabilities.
Does Dell own VMware?
VMware became part of Dell when the latter bought EMC in 2016. Dell paid $67 billion for the acquisition of EMC. The deal ranks as the tech industry’s single most expensive acquisition to this day.
What happens if Broadcom acquires VMware?
If the deal closes, VMware would provide Broadcom a steady revenue stream from its virtualization software business that includes server, storage and networking virtualization and Virtual Desktop Infrastructure (VDI) technology.
Will Dell shareholders get VMware stock?
Dell stockholders will receive cash in lieu of any fractional shares of VMware Class A Common Stock. The spin-off creates two standalone companies positioned for growth in the data era.
What will happen to VMware shares?
“Upon closing of the transaction, based on the outstanding shares of each company as of the date hereof, current Broadcom shareholders will own approximately 88% and current VMware (VMW) shareholders will own approximately 12% of the combined company on a fully diluted basis,” a Broadcom statement said.
How many shares of VMware will Dell shareholders get?
0.440626
Class A common stock and Class B common stock to Dell Technologies stockholders is 0.440626. Accordingly, Dell Technologies stockholders will receive 0.440626 of a share of VMware Class A common stock for each share of Dell Technologies common stock held as of 5:00 p.m. ET on October 29, 2021.
Who is VMware competition?
VMware competitors include Workday, SAP, Red Hat, CA Technologies and Citrix.