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AP National Business

Big tech deals keep coming: Broadcom buys VMware for $61B

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Published 5:27 AM

By MICHELLE CHAPMAN
AP Business Writer

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite rising inflation and some economic uncertainty. As part of the transaction, VMware shareholders can choose to receive either $142.50 in cash or 0.2520 shares of Broadcom common stock for each VMware share.

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