investors.broadcom.com Open in urlscan Pro
2a02:26f0:7100::687e:25a9  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to main navigation
MENU



 * Products
 * Solutions
 * Support and Services
 * Company
 * How to Buy

AVAGO Technologies
 * Products
 * Solutions
 * Support and Sevices
 * Company
 * How to Buy


BREADCRUMB

 1. Investor Center
 2. Broadcom Completes Acquisition of VMware


FINANCIAL NEWS

 * In this section


INVESTOR CENTER

 * Company Information
   * Investor Overview
   * Contact Us
   * Events & Presentations
   * Investor FAQs
   * Key Executives
   * Corporate Citizenship
   * Locations
 * Corporate Governance
   * Documents
   * Board of Directors
   * Committee Composition
 * Financial Information
   * Annual Reports
   * Financial Reports
   * News Releases
   * Proxy Statements
   * Quarterly Results
   * SEC Filings
   * SEC Filings Archive
   * Stock Information
   * Tax Information
 * Restricted Partnership Units


SHAREHOLDER TOOLS

 * Print
 * Email Alerts
 * RSS Feeds

  View printer-friendly version

Back

Broadcom Completes Acquisition of VMware
[PDF]PDF Version

SAN JOSE, Calif., Nov. 22, 2023 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO), a
global technology leader that designs, develops, and supplies semiconductor and
infrastructure software solutions, today announced that it has completed its
acquisition of VMware, Inc. 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's focus moving forward is to enable enterprise customers to create and
modernize their private and hybrid cloud environments. At the core, Broadcom
will invest in VMware Cloud Foundation, the software stack that serves as the
foundation of private and hybrid clouds. Incremental to Broadcom's investment in
VMware Cloud Foundation, VMware will offer a rich catalog of services to
modernize and optimize cloud and edge environments, including VMware Tanzu to
help accelerate deployment of applications, as well as Application Networking
(Load Balancing) and Advanced Security services, and VMware Software-Defined
Edge for Telco and enterprise edges.

VMware Stockholder Election Results

In connection with the acquisition of VMware, Broadcom previously announced the
results of the merger consideration elections made by VMware stockholders of
record in its press release dated October 30, 2023.

About Broadcom

Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs,
develops, and supplies a broad range of semiconductor, enterprise software and
security solutions. Broadcom's category-leading product portfolio serves
critical markets including cloud, data center, networking, broadband, wireless,
storage, industrial, and enterprise software. Our solutions include service
provider and enterprise networking and storage, mobile device and broadband
connectivity, mainframe, cybersecurity, and private and hybrid cloud
infrastructure. Broadcom is a Delaware corporation headquartered in San Jose,
CA. For more information, go to www.broadcom.com.

Cautionary Statement Regarding Forward-Looking Statements

This communication relates to Broadcom's acquisition of VMware and includes
forward-looking statements within the meaning of Section 21E of the U.S.
Securities Exchange Act of 1934, as amended, and Section 27A of the U.S.
Securities Act of 1933, as amended. These forward-looking statements include but
are not limited to statements that relate to our expected future business and
financial performance, the anticipated benefits of the transaction, the
anticipated impact of the transaction on the combined business, and the expected
synergies from the transaction. These forward-looking statements are identified
by words such as "will," "expect," "believe," "anticipate," "estimate,"
"should," "intend," "plan," "potential," "predict," "project," "aim," and
similar words or phrases. These forward-looking statements are based on current
expectations and beliefs of Broadcom management and current market trends and
conditions.

These forward-looking statements involve risks and uncertainties that are
outside Broadcom's control and may cause actual results to differ materially
from those contained in forward-looking statements, including but not limited
to: our ability to maintain relationships with customers, suppliers and other
business partners; the effect of the transaction on our operating results and
business; our ability to implement plans, achieve forecasts and meet other
expectations with respect to the combined business and realize expected
synergies; unexpected costs, charges and expenses; our ability to successfully
integrate VMware's operations; difficulties in retaining and hiring key
personnel and employees due to the transaction and business combination; the
diversion of management time on integration; significant indebtedness, including
indebtedness incurred in connection with the transaction, and the need to
generate sufficient cash flows to service and repay such debt; the disruption of
current plans and operations; cyber-attacks, information security and data
privacy; global political and economic conditions, including cyclicality in the
semiconductor industry and in our other target markets, rising interest rates,
the impact of inflation and challenges in manufacturing and the global supply
chain; the impact of public health crises, such as pandemics (including
COVID-19) and epidemics and any related company or government policies and
actions to protect the health and safety of individuals or government policies
or actions to maintain the functioning of national or global economies and
markets; and events and trends on a national, regional and global scale,
including those of a political, economic, business, competitive and regulatory
nature.

Our filings with the Securities and Exchange Commission, which you may obtain
for free at its website at http://www.sec.gov, discuss some of the important
risk factors that may affect our business, results of operations and financial
condition. Actual results may vary from the estimates provided. We undertake no
intent or obligation to publicly update or revise any of the estimates and other
forward-looking statements made in this announcement, whether as a result of new
information, future events or otherwise, except as required by law.

Contacts:

Broadcom Inc.
Ji Yoo
Investor Relations
408-433-8000
investor.relations@broadcom.com

Joele Frank / Arielle Rothstein / Tim Ragones
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

(AVGO-Q)

 

View original
content:https://www.prnewswire.com/news-releases/broadcom-completes-acquisition-of-vmware-301995900.html

SOURCE Broadcom Inc.


SHAREHOLDER TOOLS

 * Print
 * Email Alerts
 * RSS Feeds

 * 
 * 
 * 


PRODUCTS


SOLUTIONS


SUPPORT AND SERVICES


COMPANY


HOW TO BUY

 * Products
 * Solutions
 * Support and Services
 * Company
 * How to Buy

Copyright © 2005 - 2023 Broadcom. All rights reserved. The term "Broadcom"
refers to Broadcom Inc. and/or its subsidiaries.
Hosted by West Digital Communications Inc. on behalf of Broadcom.
 * Privacy
 * Supplier Responsibility
 * Terms of Use
 * Sitemap

 * 
 * 
 * 






By clicking accept, you understand that we use cookies to improve your
experience on our website. For more details, please see our Cookie Policy.

Accept Cookies

Cookies Settings


PRIVACY PREFERENCE CENTER




 * YOUR PRIVACY


 * STRICTLY NECESSARY COOKIES


 * PERFORMANCE COOKIES


 * TARGETING COOKIES

YOUR PRIVACY

When you interact with Broadcom as set forth in the Privacy Policy through
visiting any website, it may store or retrieve information on your browser,
mostly in the form of cookies. This information might be about you, your
preferences or your device and is mostly used to make the site work as you
expect it to. The information does not usually directly identify you, but it can
give you a more personalized web experience.
Cookie PolicyPrivacy Policy

STRICTLY NECESSARY COOKIES

Always Active

These cookies are necessary for the website to function and cannot be switched
off in Broadcom’s systems. They are usually only set in response to actions made
by you which amount to a request for services, such as setting your privacy
preferences, logging in or filling in forms. You can set your browser to block
or alert you about these cookies, but some parts of the site will not then work.
These cookies do not store any personally identifiable information.

PERFORMANCE COOKIES

Performance Cookies


These cookies allow Broadcom to count visits and traffic sources so Broadcom can
measure and improve the performance of its site. They help Broadcom to know
which pages are the most and least popular and see how visitors move around the
site. All information these cookies collect is aggregated and therefore
anonymous. If you do not allow these cookies Broadcom will not know when you
have visited our site and will not be able to monitor its performance.

TARGETING COOKIES

Targeting Cookies


These cookies may be set through Broadcom’s site by its advertising partners.
They may be used by those companies to build a profile of your interests and
show you relevant adverts on other sites. They do not store directly personal
information, but are based on uniquely identifying your browser and internet
device. If you do not allow these cookies, you will experience less targeted
advertising.

Back Button


BACK

Filter Button
Consent Leg.Interest
checkbox label label
checkbox label label
checkbox label label

Clear
checkbox label label
Apply Cancel
Confirm My Choices
Allow All