BROADCOM ACQUISITION
Which are the companies that could undertake Stock Splits after Nvidia?
Nvidia has successfully conducted its stock split last week. Many other companies may follow suit. This will provide an opportunity to investors to pick up shares of these companies.
Broadcom acquisition of VMWare creating a storm of uncertainty, risk: Nutanix CEO
As part of its slew of announcements on Tuesday, Nutanix said it is working jointly with Cisco to certify Cisco UCS blade servers as part of the strategic partnership between Nutanix and Cisco.
Dell reduces workforce as part of broader cost cuts
Dell's layoffs come after sluggish demand for its personal computers for nearly two years partly contributed to a 11% drop in revenue in fourth-quarter earnings posted last month.
Chipmaker Broadcom sells remote-access unit to KKR in $4 billion deal
The end-user computing (EUC) unit will operate as a standalone company and will continue to be run by its existing management team led by Shankar Iyer, KKR said in a statement on Monday.
Broadcom CEO compensation more than doubles to $162 million in 2023
CEO Hock Tan's 2023 pay, which was fueled by stock awards of $160.5 million, was 510 times the median salary of employees at the chip firm.
India chip strategy makes progress with $21 billion in proposals
Semiconductors have grown into a key geopolitical battleground, with the US, Japan and China investing heavily in developing domestic capabilities. Modi’s push to turn India into a global manufacturing hub also includes luring global chipmakers to the country — a bid to catch up in the sector to save money on expensive imports and enhance a growing smartphone assembly industry.
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Broadcom sees revenue below estimates on weak enterprise spending
In fiscal 2024, Broadcom expects revenue of about $50.0 billion including VMware's contribution. Analysts on average were expecting $52.50 billion, according to LSEG data.
Broadcom to lay off 1,300 VMware employees following takeover: report
Broadcom closed its $69 billion acquisition of VMware on November 22 after receiving regulatory approval from China.
Broadcom closes $69 billion VMware deal after China approval
The deal, one of the biggest globally when announced in May 2022, was the latest in CEO Hock Tan's efforts to boost the chipmaker's software business. However, the transaction faced tough regulatory scrutiny across the world and the companies had delayed the closing date three times.
Beijing weighs delaying approval of $69 billion Broadcom-VMware deal: report
China's State Administration of Market Regulation has not signed off on the deal and is likely to delay approving the transaction after US President Joe Biden's administration introduced tougher chip controls on Tuesday, the report added, citing people familiar with the matter.
Britain clears $61 billion Broadcom-VMware merger
The Competition and Markets Authority last month gave its provisional approval to the deal announced in May 2022, and said on Monday that "its final decision is that the deal does not substantially reduce competition -- clearing it to proceed in the UK". Broadcom is seeking to expand into the software market to boost its server business and has already acquired two complementary firms, CA Technology and Symantec.
EU clears US chipmaker Broadcom's $61 billion VMware takeover
The massive deal raised fears that it would stifle competition following its announcement in May 2022, prompting probes by antitrust watchdogs in the European Union and Britain.
EU to green light Broadcom's VMware deal on Wednesday, source says
US chipmaker Broadcom is set to win conditional EU antitrust approval for its $61 billion proposed acquisition of cloud computing firm VMware on Wednesday, a person familiar with the matter said on Tuesday.
Broadcom set to win EU nod for $61 billion VMware deal: report
The European Commission's clearance is tied to remedies relating to Broadcom's interoperability with rivals that would address competition concerns, sources said.
UK says Broadcom's $61 billion VMware deal could hurt server competition
Britain's Competition and Markets Authority (CMA) said on Wednesday the deal could dampen innovation and drive up the cost of computer parts and software for servers.
Broadcom faces EU antitrust warning on $61 billion VMware deal
The Commission will set out its concerns in a statement of objections, the people said. Companies can subsequently ask for a closed hearing to defend their deals in front of senior Commission and national competition officials as well as rivals and the Commission's lawyers.
Prosus cans $4.7 billion BillDesk deal: here are the biggest failed ‘tech-overs’ ever
Prosus’s $4.7 billion deal to buy BillDesk would have been one of the largest ever in India's technology sector, but how does it compare with the world’s biggest tech takeover deals that went south? It’s of course dwarfed by the biggest failed ‘tech-over’ deal ever – Broadcom’s $177 billion hostile bid to acquire Qualcomm, which fell apart in May 2018.
VMware bets on multi-cloud drive amid positive Broadcom deal view
VMware took the wraps off a new multi-cloud management solution dubbed Aria, one that unifies applications, infrastructure, and services across private, hybrid, and public clouds in a single platform with a common data model.
How Broadcom CEO Hock Tan shaped a tech giant through acquisitions
For Tan, now 70, the deal would be the culmination of a string of acquisitions that has helped him turn Broadcom into a technology conglomerate worth $225 billion, along the way building a reputation as an astute dealmaker and ruthless cost-cutter.
Chipmaker Broadcom to buy VMware in $61 billion deal
The acquisition is the second biggest announced globally so far this year, after Microsoft Corp's $68.7 billion deal to buy video game maker Activision Blizzard Inc in January.
Unacademy CEO warns of long funding winter; Infy CEO’s pay rose 43% in FY22
Gaurav Munjal, cofounder of SoftBank-backed Unacademy, has told its employees the funding winter will last at least 12-18 months, saying they must learn how to work under constraints and help the company turn profitable.
Ten things to know about the $61 billion Broadcom-VMware deal
After Microsoft Corp.'s $68.7 billion takeover of video game producer Activision Blizzard Inc., Broadcom's acquisition of VMware is the second-largest deal in 2022 globally.
Broadcom in talks to acquire cloud company VMware
The acquisition would further diversify Broadcom’s business away from semiconductors and into enterprise software, following its $18.9 billion acquisition of CA Technologies and its $10.7 billion purchase of Symantec Corp’s security division in the last four years.
Dell likely to sell RSA Security to PE firm STG Partners for $2 bn
RSA, which was founded as a boutique cybersecurity firm in 1982, was bought over by EMC Corporation in 2006 for USD 2.1 billion. It then operated as a subsidiary of EMC until the latter was acquired by Dell Technologies in 2016. RSA then came under the Dell umbrella of brands.
HCL Tech becomes Broadcom's preferred services partner
As part of the alliance announced Monday, Broadcom clients will have access to HCL's technological expertise across consulting, implementation, upgrade and support services.
IBM to acquire software company Red Hat for $34 billion
IBM is hoping the deal will help it catch up with Amazon.com Inc, Alphabet Inc and Microsoft in the rapidly growing cloud business.
Donald Trump blocks Broadcom's $117 bn bid to buy Qualcomm
As such, Broadcom and Qualcomm "shall immediately and permanently abandon the proposed takeover", ordered the US President.
Designing chips for the world
Semiconductor chip design has moved to India from the US to a significant degree. And some very innovative solutions have been developed by domestic startups for aircrafts, mobile phones, and in the internet-of-things space
Competition Commission of India clears Avago Tech's $37-billion acquisition of Broadcom
CCI has given its nod to the USD 37 billion acquisition of Broadcom Corporation by chipmaker Avago Technologies Ltd.
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