Broadcom’s deal history under CEO Hock Tan – Metro US

Broadcom’s deal history under CEO Hock Tan

Illustration shows VMware cloud service logo
Illustration shows VMware cloud service logo

(Reuters) -Broadcom on Thursday made its biggest and boldest move to diversify its business, with a $61 billion offer for VMware Inc .

Buying VMware would be Broadcom’s most ambitious attempt at a deal since its effort to buy Qualcomm for $103 billion failed in 2018.

Below is a timeline of Broadcom’s major deals under its Chief Executive Hock Tan:

May 26, 2022

Broadcom agrees to buy cloud computing company VMware in a $61 billion cash-and-stock deal; reveals $32 billion in funding commitments for the deal.

August 2019

Broadcom agrees to buy https://investors.broadcom.com/news-releases/news-release-details/broadcom-acquire-symantec-enterprise-security-business-107 Symantec enterprise security business for $10.7 billion in cash.

July 11, 2018

Broadcom says it will buy https://www.reuters.com/article/us-ca-m-a-broadcom-idUSKBN1K12XA U.S. business software company CA Inc for $18.9 billion, venturing far beyond its realm of semiconductors.

Nov. 6, 2017

Broadcom makes an unsolicited $103 billion bid for Qualcomm Inc, setting the stage for a takeover battle that could reshape the industry at the heart of mobile phone hardware.

In February 2018 Broadcom withdraws its bid to acquire Qualcomm, two days after U.S. President Donald Trump blocked https://www.reuters.com/article/us-qualcomm-m-a-broadcom-merger-idUSKCN1GO1Q4 the attempt.

Nov. 2, 2016

Broadcom says it will buy https://www.reuters.com/article/us-brocade-commns-m-a-broadcom-idUSKBN1DH1T9 network gear maker Brocade Communications Systems Inc for $5.5 billion in cash, to expand its fibre channel and storage businesses.

May 28, 2015

Avago Technologies agrees to buy https://www.reuters.com/article/us-broadcom-m-a-avago-correction-idUSKBN0OE28220150529 Broadcom Corp for $37 billion in the largest merger of chipmakers ever. After the takeover, Avago changes its name to Broadcom.

February 2015

Avago says it will buy https://www.globenewswire.com/news-release/2015/02/25/709856/10121999/en/Avago-Technologies-Limited-to-Acquire-Emulex-Corporation-for-8-Per-Share-in-Cash.html Emulex Corp for $764 million, in a bid to extend Broadcom’s presence in storage networks into fiber channel technology.

December 2013

Avago says it will buy https://investors.broadcom.com/news-releases/news-release-details/avago-technologies-acquire-lsi-corporation-66-billion-cash LSI Corp for $6.6 billion, as it turns to the fast-growing storage chip market to counter volatility in its main wireless business.

April 2013

Avago says it will buy https://investors.broadcom.com/news-releases/news-release-details/avago-technologies-acquire-cyoptics-leading-optical-chip-and optical chip and component maker CyOptics Inc for about $400 million in cash.

(Compiled by Supantha Mukherjee; Additional reporting by Chavi Mehta in Bengaluru; Editing by Matt Scuffham, Jan Harvey and Anil D’Silva)

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