Broadcom takeover deal for VMware faces no rival bids
Broadcom's proposed buyout of VMware looks set to proceed after the"go-shop" period for alternative offers expired without any rival bidders coming forward.
The move could mean bad news for many customers if Broadcom follows a policy of focusing only on the needs of the largest corporate accounts.on May 26 in an agreement that valued the cloud and virtualization company at $61 billion.
That 40-day period expired at 23:59 Pacific Time on July 5, but no rival bidder has emerged to offer a superior proposal, according to, which cited loquacious sources said to be familiar with the matter. This clears the way for the Broadcom takeover to proceed, a transaction that is expected to complete in Broadcom's fiscal 2023, which runs from November 2022 until October 2023.
The sale has been met with mixed reactions from VMware customers, some of whom fear Broadcom will cut back on research and development costs and focus on extracting revenue from the largest customer accounts.last month, analyst companies including S&P Global Market Intelligence and Gartner have offered negative evaluations of Broadcom's takeover. Their conclusions were based on
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