Broadcom reported to be in talks with VMware

Broadcom is reported by Reuters to be talking to VMware about taking it over. 

Broadcom has been diversifying away from ICs in the last four years with an $18.9 billion takeover of CA Technologies and a $10.7 billion acquisition Symantec’s security division.

VMware, which develops enterprise cloud and networking software, has a market cap of around $40 billion. Michael Dell has a 40% stake in it and private equity fund Silver Lake has 10%.

In 2018 President Trump blocked a $117 billion bid by Broadcom to buy Qualcomm. The reason given was national security.