Broadcom Says Will Buy VMware in $61 Billion Deal to Diversify Into Enterprise Software

Broadcom Says Will Buy VMware in $61 Billion Deal to Diversify Into Enterprise Software

Broadcom said on Thursday it will buy cloud service provider VMware in a $61 billion (roughly Rs. 4,73,223 crore) cash-and-stock deal to further diversify the chipmaker’s business into enterprise software. Broadcom’s shares were up 1.6 percent, while those of VMWare were down nearly one percent in premarket trading. The acquisition…