Broadcom Earnings Edge By Estimates; VMware Deal Impacts Outlook
Broadcom reported fiscal Q4 earnings and revenue that edged by estimates. Source link
Deal
Tech Company Lays Off 1,200 Bay Area Workers After Deal
Broadcom, a Silicon Valley chipmaker with six decades of history under its belt, is laying off more than a thousand employees after finalizing a blockbuster acquisition of cloud technology company VMware. According to a WARN notice filed earlier this week by company vice president Jill Turner, Broadcom will lay off 1,267 employees at VMware’s Palo … Read more
Broadcom analysts up target price as VMWare deal closes; AI at forefront
Broadcom Corporation (NASDAQ:AVGO)’s recently closed acquisition of virtualization software firm VMWare offers mid-to-high-single digit percent earnings per… Source link
Broadcom analysts up target price as VMWare deal closes; AI at forefront
Broadcom Corporation (NASDAQ:AVGO)’s recently closed acquisition of virtualization software firm VMWare offers mid-to-high-single digit percent earnings per… Source link
Analysts raise Broadcom price target following VMware deal completion, BofA says genAI the most attractive opportunity By Investing.com
© Reuters. Analysts raise Broadcom price target following VMware deal completion, BofA says genAI the most attractive opportunity Analysts at UBS and BofA raised their price targets for Broadcom (NASDAQ:) in research notes on Tuesday. BofA’s analysts lifted their firm’s price target for the stock to $1,200 from $1,050 per share, reiterating a Buy rating … Read more
A new dawn as Broadcom/VMware deal closes: ‘brace for impact’
Credit: Supplied As Broadcom completed its acquisition of VMware market analysts are warning to “brace for impact.” Broadcom officially closed its $US61 billion acquisition of VMware on 22 November and locally, some… Source link
Broadcom Acquires VMware in a $61 Billion Deal
Embarking on a transformative journey, Broadcom has announced the triumphant acquisition of VMware, heralding a watershed moment in the sphere of infrastructure technology. The amalgamation of Broadcom and VMware signifies a formidable coalition, merging Broadcom’s engineering mastery with VMware’s cloud-centric prowess. This potent synergy is poised to revolutionize the paradigm of infrastructure technology, endowing organizations … Read more
Broadcom says it has cleared all regulatory hurdles for acquiring VM Ware and plans to close the deal on Wednesday.
SAN JOSE, California (AP) — Broadcom says it has cleared all regulatory hurdles for acquiring VM Ware and plans to close the deal on Wednesday. Source link
Broadcom-VMware takeover deal finalised after months of wrangling
Broadcom has ended a months-long saga and closed its $69 billion deal to acquire VMware after finally being granted regulatory approval in China. The deal closed on November 22 after first being announced in May 2022, having faced delays due to global scrutiny on the basis of regulations, pushing back the date on three separate … Read more