Broadcom to acquire VMware for $142.50/share or 0.252 Broadcom shares per VMware share

Broadcom Inc.

Consideration: $142.50 cash or 0.252 Broadcom shares per VMware share, subject to 50% proration between cash and stock.
Expected close in Broadcom's fiscal year 2023; subject to regulatory approvals and VMware stockholder vote.
Michael Dell (40.2% owner) and Silver Lake (10% owner) entered voting agreements to support the deal.
Termination fees: VMware pays $1.5B (or $750M if before July 5, 2022) in certain break scenarios; Broadcom pays $1.5B if regulatory issues.
Broadcom secured a $32B senior unsecured bridge loan commitment for the transaction.

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