Broadcom Inc. acquires VMware

Broadcom (AVGO.O) announced its intention to acquire cloud-computing firm VMware (VMW.N) for $61 billion, along with assuming an additional $8 billion of the company's debt in May 2022. On November 22, 2023, Broadcom confirmed the completion of the acquisition. This strategic move positions Broadcom as a significant player in the infrastructure management software market.