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European union probing $61 bn acquisition of VMware by Broadcom The European Commission has opened an in-depth investigation to assess the proposed acquisition of enterprise Cloud software company VMware by Broadcom. VMware was acquired by chip and software maker Broadcom from Dell Technologies for $61 billion in May this year. The Commission said it is particularly concerned that the "transaction would allow Broadcom to restrict competition in the market for certain hardware components which interoperate with VMware's software". Th...
European union probing $61 bn acquisition of VMware by Broadcom
European union probing $61 bn acquisition of VMware by Broadcom
Source: IANS
21/12/2022 11:13:41 AM
VMware posts $3.2 bn in revenue in Q3 amid acquisition by Broadcom Enterprise Cloud services provider VMware, in the process of being acquired by chipmaker Broadcom in a $61.2 billion deal, has posted $3.21 billion in revenue for the third quarter -- an increase of 1 per cent from the third quarter of fiscal 2022. VMware's shares fell slightly in after-hours trading after it reported lower-than-expected earnings and revenue. The virtualisation software giant reported a net profit of $231 million, way down from $398 million in profit it posted in th...
VMware posts $3.2 bn in revenue in Q3 amid acquisition by Broadcom
VMware posts $3.2 bn in revenue in Q3 amid acquisition by Broadcom
Source: IANS
25/11/2022 4:37:16 PM
Broadcom to acquire enterprise cloud services provider VMware for $61 bn In the second biggest tech deal of the year, chip and software maker Broadcom on Thursday announced to acquire enterprise cloud services provider VMware in a cash-and-stock deal valued at $61 billion. In addition, Broadcom will assume $8 billion of VMware's net debt. This is the second biggest tech deal of the year after Microsoft announced to acquire video game maker Activision Blizzard for $68.7 billion. "We look forward to VMware's talented team joining Broadcom, furt...
Broadcom to acquire enterprise cloud services provider VMware for $61 bn
Broadcom to acquire enterprise cloud services provider VMware for $61 bn
Source: IANS
27/05/2022 8:16:58 AM
Wipro rises on expanding collaboration with VMware Wipro is currently trading at Rs. 498.90, up by 7.05 points or 1.43% from its previous closing of Rs. 491.85 on the BSE. The scrip opened at Rs. 501.40 and has touched a high and low of Rs. 501.40 and Rs. 495.80 respectively. So far 165496 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 739.80 on 14-Oct-2021 and a 52 week low of Rs. 484.65 on 05-May-2021. Last one week high and low of the scrip stood at Rs. 530....
Wipro rises on expanding collaboration with VMware
Wipro rises on expanding collaboration with VMware
Source: Accord Fintech
5/05/2022 11:29:10 AM
VMware appoints Raghu Raghuram as CEO, Dhawan as President Enterprise software major VMware on Wednesday announced to appoint Raghu Raghuram as its new Chief Executive Officer and member of the Board of Directors, effective from June 1, 2021. VMware also appointed Sumit Dhawan, currently serving as Senior Vice President and Chief Customer Officer, as President who will lead all go-to-market functions including worldwide sales, worldwide partner and commercial organisation, customer experience and success (CXS), marketing, and communications. &q...
VMware appoints Raghu Raghuram as CEO, Dhawan as President
VMware appoints Raghu Raghuram as CEO, Dhawan as President
Source: IANS
13/05/2021 8:58:10 AM