Broadcom said on Thursday it will buy cloud service provider VMware in a $61 billion (roughly Rs. 4,73,223 crore) cash-and-stock deal to further diversify the chipmaker’s business into enterprise software.
Each VMware shareholder will get $142.50 (roughly Rs. 11,000) per share, resulting in a premium of over 48 percent to the stock’s close since the deal talks were first reported on May 22.
VMware shareholders will get $142.50 in cash or 0.2520 shares of a Broadcom common stock for each VMware share held.
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