Diabytes
VMware News
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The acquisition is the second biggest announced globally so far this year.
Broadcom’s shares were up 1.6%.
Shares of VMWare were down nearly 1% in premarket trading.
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As both large and small and medium enterprises (SMBs) in India aim to modernise their data centres to address customers needs better, top-level VMware executives feel that the company is ready to help them achieve this daunting task.
It provides a user-centric approach to managing all endpoints in an organisation - from mobile and desktop to Internet of Things (IoT).
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Dell Inc said in a filing on Monday that it has the flexibility to buy back at least $3 billion in VMWare Inc tracking stock, the special class of shares the computer maker plans to issue to help finance its acquisition of EMC Corp.
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The firm also inaugurated a new campus here, which also houses the R&D centre, with an investment of USD 120 million.
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