Broadcom to review strategic options for two VMware units - Insider
Reuters
Published Nov 29, 2023 05:01PM ET
(Reuters) - U.S. chipmaker Broadcom (NASDAQ:AVGO) will review strategic options for two business units of VMware (NYSE:VMW), Insider reported on Wednesday, citing a leaked email from CEO Hock Tan to employees.
Broadcom closed its $69 billion acquisition of the cloud-computing firm on Nov. 22 after receiving regulatory approval from China.
The units being reviewed are End-User Computing and Carbon Black, the report said.
The companies did not immediately respond to Reuters' request for comment
VMware will continue to operate as four units - Cloud Foundation, Tanzu, Software-Defined Edge and Application Networking and Security, Insider said.
Its top boss Raghu Raghuram will serve as CEO Tan's technical advisor.
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Written By: Reuters
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