Broadcom is in talks to pay around $60 billion for VMware people familiar with the matter said, in what would be one of the biggest takeover deals of the year. The two technology companies are aiming to announce a cash-and-stock deal worth about $140 a share on Thursday, assuming the talks don’t fall apart, the … Read more
Text size Broadcom stock slipped in response to news of the possible deal. Justin Sullivan/Getty Images Broadcom ’s expected acquisition of cloud computing provider VMware will likely rank as one of the year’s biggest mergers. Broadcom (ticker: AVGO), a chip maker, is in talks to buy VMware (VMW), according to Bloomberg, which said the transaction … Read more
Clearview AI, a New York-headquartered facial recognition company, has been fined £7.5 million ($9.4 million) by a U.K. privacy regulator. Over the last few years, the firm has collected images from the web and social media of people in Britain and elsewhere to create a global online database that can be used by law enforcement … Read more
Text size Buying VMware would strengthen Broadcom’s position in cloud computing. Dreamstime.com Shares of cloud computing provider VMware were surging Monday after reports said Broadcom was in talks to buy the software company. Chip maker Broadcom (ticker: AVGO), with a market value of about $222 billion, is negotiating to buy VMware (WMW), with a value … Read more
Text size Buying VMware would strengthen Broadcom’s position in cloud computing. Dreamstime.com Shares of cloud computing provider VMware were surging Monday after reports said Broadcom was in talks to buy the software company. Chip maker Broadcom (ticker: AVGO), with a market value of about $222 billion, is negotiating to buy VMware (WMW), with a value … Read more
Nobody expects much from Dell DELL -2.55% these days. That might turn out to be a good thing for the 38-year-old tech giant. Dell is one of only six U.S.-listed tech companies currently generating more than $100 billion in annual revenue. It is also the cheapest by miles, trading at less than six times forward … Read more
Text size Buying VMware would strengthen Broadcom’s position in cloud computing. Dreamstime.com Shares of cloud computing provider VMware were surging Monday after reports said Broadcom was in talks to buy the software company. Chip maker Broadcom (ticker: AVGO), with a market value of about $222 billion, is negotiating to buy VMware (WMW), with a value … Read more
Text size Uncredited First-quarter earnings season winds down this week, but with more than a dozen S&P 500 companies left to report. Economists will be watching the latest Federal Reserve meeting minutes and data on consumer earnings and spending and business investment. Advance Auto Parts and Zoom Video Communications will be Monday’s highlights, followed by … Read more
Chip maker Broadcom Inc. is in negotiations to buy enterprise cloud-computing company VMware Inc., according to multiple reports Sunday night. Bloomberg News, Reuters, the New York Times and the Wall Street Journal reported the ongoing talks but did not mention a purchase price; as of Friday, VMware VMW, +0.80% had a market cap of about … Read more
Three analysts share their outlook for tech, with one saying it’s ready for a hard rally, and another naming some “very interesting” stocks in the sector. Chris Watling, chief executive of Longview Economics, said the stock market as whole is “ready to rally.” “We just need a whiff of good news from somewhere to sort … Read more