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Third Largest Tech Deal In History

Broadcom To Acquire VMware For $61 Billion.
Chipset maker Broadcom has announced that it is all set to acquire cloud computing and virtualization tech company VMware in the coming year.
This will be the third-largest acquisition in the tech world after Microsoft's upcoming Activision Blizzard deal ($69 billion) and Dell's purchase of EMC in 2016 ($67 billion).
Broadcom will be completing VMware's cash-and-stock deal by the end of 2023.
The deal is based on Broadcom's common stock on May 25.
The acquisition will also include $8 billion of VMware's existing debt.
Post the deal, each shareholder of VMware will be getting $142.50 for their shares of the company.
Once the deal goes through, Broadcom shareholders will own 88 percent of the combined brands, while VMware shareholders will own 12 percent of the stock.
The combined company will be providing enterprise consumers with an expanded platform to address their complex information technology infrastructure requirements.