1 min read.Updated: 26 May 2022, 05:09 PM ISTAgencies
Michael Dell is VMware's chairman and he owns 40.2% of the company's outstanding shares.
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Computer chip and software maker Broadcom is buying cloud services provider VMware Inc in a cash-and-stock deal valued at $61 billion to speed up its expansion into the enterprise software business. The purchase announced on Thursday is the second-biggest globally so far in 2022, after Microsoft Corp's $68.7 billion buyout of video game maker Activision Blizzard Inc.