Following its recent acquisition of VMware, Broadcom has announced that it will transition the business to a subscription-based model, removing the perpetual licenses with immediate effect. According to the company’s announcement, the industry has embraced subscription-based models as the standard when it comes to cloud consumption, and the move comes after more than a year’s … Read more
(Reuters) – Chipmaker Broadcom will lay off about 1,300 VMware employees in California following its acquisition of the cloud-computing firm, Bloomberg News reported on Thursday. Broadcom did not immediately respond to a Reuters request for comment. The chipmaker will also review strategic options for two business units of VMware, Insider had reported on Wednesday, citing … Read more
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
Broadcom has finally completed its $61bn takeover of virtualisation specialist VMware after China’s antitrust regulator gave its approval to the acquisition. As a result, VMware CEO Raghu Raghuram has announced he will leave the business. VMware is now part of Broadcom. (Photo by Michael Vi/Shutterstock) Chipmaker Broadcom announced the completion of the deal yesterday, having … Read more
Club holding Broadcom ‘s (AVGO) investment prospects look bright – with or without cloud software maker VMWare (VMW) under its corporate roof. For now, though, the companies remain apart after Broadcom’s planned $61 billion takeover of VMWare did not close Monday, as previously scheduled. The hold-up is Chinese antitrust regulators, who have yet to bless … Read more
Each week on theCUBE podcast, industry analysts John Furrier (pictured, left) and Dave Vellante (right) extract the signal from the noise, and this week, they did it live on location at VMware Explore 2023. It was a chance to analyze VMware Inc.’s strategies as it closes out the biggest chapter in company history, according to … Read more
CMA formally clears Broadcom takeover of VMware, China still the holdout | TechMarketView … Read more