Broadcom preps mega-deal for VMware

• In 2018 the company paid nearly $19 billion for IT management software giant CA Technologies, after government regulators blocked its $130 billion agreement to buy rival chipmaker Qualcomm.
• Later it paid $10.7 billion for Symantec's enterprise security business, after first discussing a takeover of Symantec in its entirety.

Cap table: Michael Dell holds a 40% stake in VMware, which spun out of Dell Technologies in 2021, while his private equity partner Silver Lake has nearly a 10% position.

Bloomberg explains the rationale: "Broadcom makes a wide range of electronics, with its products going into everything from the iPhone to industrial equipment. But data centers have become a critical source of growth, and bulking up on software gives the company more ways to target that market."