Broadcom is reportedly in talks to acquire VMware

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In this image, the VMware logo can be seen on a smartphone and in the background. Chipmaker Broadcom is in talks to acquire cloud service provider VMware, people familiar with the matter told Reuters.

Pavlo Gonchar | Light Rocket | Getty Images

Chipmaker Broadcom is in talks to acquire cloud service provider VMware, people familiar with the matter told Reuters.

Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The terms and conditions under discussion could not be ascertained.

The acquisition would further diversify Broadcom’s business away from semiconductors and into enterprise software after buying CA Technologies for $18.9 billion and Symantec Corp’s security division for $10.7 billion over the past four years .

Bloomberg News first reported on the deal late Sunday. Broadcom and VMware did not immediately respond to Reuters requests for comment. At the close on Friday, VMware’s market capitalization was…



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