VMware-Broadcom Deal Worth $61 Billion Said to Move Ahead as Go-Shop Period Ends

Broadcom $61 billion (nearly Rs. 4.8 lakh crore) deal for VMware will move forward after a rival bidder failed to emerge to break up the deal during its so-called “go-shop” period, according to people familiar with the matter. VMware had until 11:59 PM Pacific time Tuesday (12:29 AM IST Wednesday) to solicit other bids, according to the deal announcement in May.Read More

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