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Broadcom to buy VMware for $61 billion, the second-largest deal agreed this year globally

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Broadcom has said that it will buy VMware for $61 billion after news that a deal was in the works a couple of days ago. The acquisition will see Broadcom pay cash and buy outstanding stocks.
Broadcom has announced that it has agreed to buy VMware via a cash-and-stock transaction where it will buy outstanding stock. In all, it will cost Broadcom about $61 billion to acquire the company but it’s also taking on $8 billion of VMware’s net debt which it’ll have to repay to creditors.

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