Broadcom Inc in talks to acquire VMware Inc

According to sources familiar with the matter at hand, Broadcom Inc is in talks to acquire cloud service provider VMware Inc.

“Negotiations between Broadcom and VMware are ongoing and a deal is not imminent,” said sources. The terms of the deal are under discussion and have not been disclosed.

The potential acquisition would further diversify Broadcom’s business away from semiconductors and into enterprise software, following its $18.9 billion acquisition of CA Technologies and its $10.7 billion purchase of Symantec Corp’s security division in the last four years.

Neither, Broadcom nor VMware immediately responded to requests for comments.

With a stake of 40%, Michael Dell is VMware’s biggest investor having spun out VMWare from Dell Technologies Inc last year.

Private equity firm Silver Lake is VMware’s second largest shareholder with a stake of 10%.

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