Think we speak for everyone when we say: Seriously, what the f.?
Broadcom is to acquire VMware for $60 billion in a deal that will be announced on Thursday. That’s according to the Wall Street Journal. VMware is scheduled to report its Q1 2023 results on the same day, so the Thursday announcement theory is not entirely unrealistic. Neither biz has had anything to say about the reported deal at the time of writing, with VMware declining comment on rumor and speculation. Shareholders have expressed differing opinions about the proposed acquisition. Broadcom’s share price fell three percent during Monday trading, while VMware’s rose by almost 25 percent. Until today’s share price spike, VMware underperformed the NYSE index over the past six months. A $60 billion price tag, at $140 per share, would represent a premium on VMware’s recent share price but would be around $4 billion short of VMware’s theoretical value at the time it was spun out of Dell in November 2021.
