M&A
confidence high
sentiment neutral
materiality 1.00
Broadcom completes VMware acquisition; VMware 9-month revenue $10.1B, net income $1.24B
Broadcom Inc.
- Acquisition closed Nov 22, 2023; each VMware share exchanged for $142.50 cash or 0.25200 Broadcom shares (subject to 50/50 proration).
- VMware unaudited nine-month revenue $10,137M, net income $1,240M, diluted EPS $2.85 (Nov 3, 2023).
- VMware total assets $32.2B, stockholders' equity $3.4B as of Nov 3, 2023.
- Audited FY2023 VMware financials (Feb 3, 2023) filed as Exhibit 99.1; pro forma combined statements as Exhibit 99.3.