Higher

Jim Cramer says hope for China’s approval of a key Broadcom deal sends shares higher

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Jim Cramer says hope for China’s approval of a key Broadcom deal sends shares higher

VMware (VMW) on Thursday jumped roughly 4% on reports that Broadcom’s (AVGO) acquisition of the cloud and virtual machine company is likely to be approved by China shortly.  China’s State Administration for Market Regulation is expected to be granted conditional antitrust approval soon, according to trade publication Dealreporter. If you like this story, sign up … Read more

VMware: We Like the Deal With Broadcom and Now See a Higher Probability of Closing

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VMware: We Like the Deal With Broadcom and Now See a Higher Probability of Closing

We raise our fair value estimate for VMware VMW to $180 per share from $161 and maintain our narrow moat, High Uncertainty, and standard capital allocation ratings. Our fair value estimate increase is purely due to raising our probability of the pending acquisition by Broadcom AVGO closing and VMware’s valuation under the half stock/half cash … Read more