Broadcom has announced that it has completed its $61 billion acquisition of VMware.
“Broadcom has received legal merger clearance in Australia, Brazil, Canada, China, the European Union, Israel, Japan, South Africa, South Korea, Taiwan, the United Kingdom, and foreign investment control clearance in all necessary jurisdictions,” the company said. “We are excited to welcome VMware to Broadcom and bring together our engineering-first, innovation-centric teams.”
China was the last country to grant approval for the acquisition. Its State Administration for Market Regulation (SAMR) had approved Broadcom’s acquisition application with restrictive conditions. Under US merger regulations, there is no legal impediments to the merger.
VMware’s common stock will now cease to be traded on the New York Stock Exchange (NYSE).
Hock Tan, President and Chief Executive Officer of Broadcom, said, “We are excited to welcome VMware to Broadcom and bring together our engineering-first, innovation-centric teams as we take another important step forward in building the world’s leading infrastructure technology company. With a shared focus on customer success, together we are well positioned to enable global enterprises to embrace private and hybrid cloud environments, making them more secure and resilient. Broadcom has a long track record of investing in the businesses we acquire to drive sustainable growth, and that will continue with VMware for the benefit of the stakeholders we serve.”
Broadcom has created four divisions under which VMware business will operate. The divisions are VMware Cloud Foundation (led by Krish Prasad, SVP and general manager); Tanzu (led by Purnima Padmanabhan, VP and general manager); Software-Defined Edge (led by Sanjay Uppal, VP and general manager); and Application Networking and Security (led by Umesh Mahajan, VP and general manager).
