Broadcom Completes Acquisition of VMware

VMware Acquires Pivotal Software

December 30, 2019

Cloud & SaaS

VMware, Inc. completed its acquisition of Pivotal Software, Inc., acquiring Pivotal for an enterprise value of approximately $2.7 billion and making Pivotal a wholly owned subsidiary. Pivotal's cloud-native platform and developer-focused offerings will be integrated into VMware's Tanzu portfolio to expand VMware's modern application and Kubernetes capabilities.

VMware Acquires Carbon Black

October 8, 2019

Cybersecurity

VMware completed its acquisition of Carbon Black in an all-cash transaction valued at $2.1 billion (at $26 per share). Carbon Black will form the nucleus of a new VMware Security Business Unit to expand VMware’s cloud-native security and endpoint protection capabilities.

Broadcom Acquires Symantec Enterprise Security Business

November 4, 2019

Cybersecurity

Broadcom Inc. completed its acquisition of the Enterprise Security business of Symantec Corporation, which will operate as the Symantec Enterprise division within Broadcom. The deal expands Broadcom’s infrastructure software portfolio and brings Symantec’s enterprise security products, customers and employees into Broadcom’s software franchises.

Dell Completes Spin-Off of VMware

November 2, 2021

Software

Dell Technologies completed the spin-off of its 81% equity ownership of VMware, distributing VMware Class A and Class B shares to Dell stockholders via a special dividend and converting Class B shares into Class A prior to distribution. VMware also paid an $11.5 billion special cash dividend to its shareholders (Dell received $9.3 billion), and the two companies preserved a commercial agreement to maintain product co-development and sales alignment while allowing VMware to operate as a standalone company.

KKR to Acquire Broadcom’s End-User Computing Division for About $4 Billion

February 26, 2024

Cloud & SaaS

KKR announced it has signed a definitive agreement to buy Broadcom’s End-User Computing (EUC) Division in a transaction valued at approximately $4 billion. The EUC Division will become a standalone company focused on digital workspace solutions led by the existing management team.

Cisco Acquires Splunk for $28 Billion

September 21, 2023

Cybersecurity

Cisco entered into and then completed a definitive agreement to acquire Splunk for $157 per share in cash, valuing the equity at approximately $28 billion. The deal is expected to strengthen Cisco’s security and observability offerings and accelerate its transition to more recurring revenue.