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...Shares in VMware closed around 9 per cent lower at $150.31 in New York on Thursday. Broadcom was down about 2 per cent....
...VMware would be its biggest deal yet, comprising $61bn in cash and stock as well as assuming $8bn in debt....
...“We look at VMware as the twenty-third product division,” Tan said. “Is there an overarching strategy? The answer, I hate to say, is ‘no’....
...VMware declined to comment other than to email links to a blog offering technical advice....
...The split also left Michael Dell owning 40 per cent of VMware, while Silver Lake owned 9.8 per cent....
...Opponents of the deal, which include some existing VMware clients, have written to the EU to argue VMware’s customers could in future be tied into buying Broadcom services....
...Shares in VMware fell nearly 10 per cent in trading in New York on Thursday....
...“Broadcom and VMware today announced that they have received all required regulatory approvals and intend to close Broadcom’s acquisition of VMware on November 22, 2023,” they said in a joint statement shortly...
...Shares in Broadcom and VMware were broadly flat on Monday while VMware shares were down about 2 per cent at $139.95 in early trading....
...When Silver Lake alerted investors to their cash return, it said the sale of VMware was a “defining moment” for the $100bn in assets group....
...How the Western Digital split is faring for Elliott It isn’t just VMware that’s on the minds of merger arbs today....
...The scale of the profits on one of those came to light this year — the move to take Dell Technologies private and then subsequently buy and sell VMware, a cloud computing company, by Silver Lake Partners...
...That fee has been appealed against to the Delaware Supreme Court by multiple investment funds owning VMware shares who claim the amount is excessive....
...latest sign of life in the enterprise IT market, following Cisco’s move to acquire data and security software company Splunk for $28bn in September and Broadcom’s $69bn acquisition of cloud software company VMware...
...On Wednesday, the CMA said the Broadcom-VMware tie-up could make computer servers more expensive for UK businesses....
...Meadow’s group made a combined profit exceeding $5mn once Penn National’s deal was announced in 2021, and $100,000 on VMware trades....
...Friday’s move adds another multibillion-dollar tech deal to the CMA’s caseload, which has opened probes into Microsoft’s $75bn Activision Blizzard takeover and Broadcom’s $69bn purchase of VMware....
...EMC at the time held a majority stake in VMware....
...Dealmakers had another big win on Tuesday after the Financial Times’ Javier Espinoza reported EU regulators are preparing to clear Broadcom’s $69bn acquisition of cloud software company VMware, causing its...
...In that vein, the verdict on Adobe’s $20bn purchase of design software company Figma, or on Broadcom’s $69bn deal to buy VMware, could prove more informative than Microsoft’s mega-deal....
...VMware O: 8; L: 8; I: 7 Total: 23 The legal team at the US cloud software company has improved the privacy review process to ensure risks are properly addressed before releasing products or features....
...VMware is less prone to industry cycles and offers high profit margins and stable recurring revenues from its services....
...She likens faster contracting at VMware to “shaving seconds off the pit stop” in a Formula One race....
...VMware pioneered so-called virtualisation software for corporate customers....
...“VMware is an ideal currency.”...
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