Broadcom to buy VMware for $61B

Broadcom, which designs, develops and supplies semiconductor and infrastructure software, will acquire VMware, an enterprise software company. Broadcom will acquire all of the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately $61 billion. Further, Broadcom will assume $8 billion of VMware net debt.

VMware, a vendor of multi-cloud services for all…