Broadcom planning to complete deal for $69 billion acquisition of VMWare after regulators give OK
Broadcom planning to complete deal for $69 billion acquisition of VMWare after regulators give OK
Computer chip and software maker Broadcom says it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday.
This will go about as well as broadcom’s acquisition of Symantec (not well).
If you can get rid of vmware, you will have to, and if you can’t, you’ll ship buckets of benjamins to broadcom and in return they might keep your company alive.
I would say it probably won't go any worse than being bought by EMC, then by Dell, but at the time they were a darling mostly left alone. Now they're kind of a dying market.
It's not a dying market, everyone still relies on virtualization. But it is a saturated market, no more 20% growth years left, with plenty of cloud and open source competitors. Our financial systems hate a steady hand, and will tear apart VMWare instead.
How is this good for Broadcom or VMware customers
It isn't.
Bad, very bad.
Broadcom get to squeeze value out of the company during the period during which large corporations take to find and commission alternative solutions as quality, support and innovation drain away
69 ... Nice.
I hope this doesn't end badly for VMware. I use VMware exclusively in a professional setting, and partially in a personal setting. With everything I've seen it's by far the most stable (Qemu seems to be close to bare metal in ideal conditions, but can get a little quirky at times to say the least) and beats out virtualbox in both performance and stability.
If it's mostly in cash & stocks hopefully from my layman's view they're buying a valuable asset and not going to enshitify it for a quick buck when the debt bill comes in with an uncertain economy.
I have read on SlashDot, they already have fired a lot of engineers, so it may only have come worse in future.
I have already seen my and other companies say things like “we were going to role vSAN but after our recent license talks we are not”
🤖 I'm a bot that provides automatic summaries for articles:
Click here to see the summary
SAN JOSE, California (AP) — Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday.
The company, based in San Jose, California, announced it planned to move ahead with the deal after China joined the list of countries that had given a go-ahead for the acquisition.
The massive buyouts are occurring at a time of heightened anxiety because of turmoil on the global supply chain, war in Europe and the Middle East, and rising prices that have the potential to cool both business and consumer activity.
Countless businesses and public bodies, including major banks, big retailers, telecom operators and government departments, rely on Broadcom gear and VMware software.
The European Commission, the EU’s executive arm and top antitrust enforcer, cleared the deal after Broadcom made concessions to address its concerns about competition.
VMware, which is based in Palo Alto, California, has close relations with every major cloud company and provider, including Amazon, Google and Microsoft.
Saved 62% of original text.