---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-054354"
form_type: "8-K"
ticker: "AVGO"
cik: "0001730168"
company_name: "Broadcom Inc."
filed_at: "2023-11-22T23:59:59+00:00"
generated_at: "2026-06-07T22:17:18.809581+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Broadcom completes $69B acquisition of VMware; VMware shares cease trading

## Summary
- Each VMware share converted into $142.50 cash or 0.25200 Broadcom share, subject to 50/50 proration.
- Broadcom borrowed $28.39 billion under a term loan credit agreement to fund cash consideration.
- VMware common stock will cease trading on NYSE as of November 22, 2023.
- Broadcom expects to invest in VMware Cloud Foundation and offer Tanzu, networking, and edge services.

## SEC filing metadata
- accession: 0001140361-23-054354
- form_type: 8-K
- ticker: AVGO
- cik: 0001730168
- company_name: Broadcom Inc.
- filed_at: 2023-11-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.01, 2.03, 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1730168/000114036123054354/0001140361-23-054354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1730168/000114036123054354/ef20015100_form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-054354
- JSON: https://secwatch.observer/filing/0001140361-23-054354.json
- Plain text: https://secwatch.observer/filing/0001140361-23-054354.txt

## Key facts
- Debt Financings
  Broadcom Inc. incurred term loan of $28,390,625,000.
  - Instrument: term loan
  - Principal: $28,390,625,000
  - Event: incurrence
  source text: On November 22, 2023, Broadcom borrowed the full $28,390,625,000 available under the Credit Agreement to fund the Cash Consideration, to provide working capital to Broadcom and its subsidiaries, to refinance existing indebtedness of VMware and its subsidiaries and to pay related costs and expenses.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1730168/000114036123054354/0001140361-23-054354-index.htm
- M&A Transactions
  Broadcom Inc. completed an acquisition involving VMware, Inc. for $142.50 in cash, without interest (the "Cash Consideration") per VMware Common Share; or 0.25200 of a share of common stock, par value $0.001 per share, of Broa (closed 2023-11-22).
  - Action: acquisition
  - Counterparty: VMware, Inc.
  - Consideration: $142.50 in cash, without interest (the "Cash Consideration") per VMware Common Share; or 0.25200 of a share of common stock, par value $0.001 per share, of Broa
  - Closing: 2023-11-22
  source text: (“Broadcom”) completed its acquisition of VMware, Inc. (“VMware”) pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of May 26, 2022, by and among Broadcom, VMware, Verona Holdco, Inc., a direct wholly owned subsidiary of VMware (“Holdco”), Verona Merger Sub, Inc., a direct wholly owned subsidiary of Holdco (“Merger Sub 1”),
  evidence_url: https://www.sec.gov/Archives/edgar/data/1730168/000114036123054354/0001140361-23-054354-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.