(Reuters) – Broadcom is in talks to buy software maker VMWare, according to sources familiar with the matter, a deal that would transform the chipmaker into a diversified tech firm.
Buying VMware, which has a market capitalization of $40 billion, would be Broadcom’s most ambitious attempt at a deal since its effort to buy Qualcomm for $103 billion failed in 2018.
Below is a timeline of Broadcom’s major deals under its Chief Executive Hock Tan:
July 11, 2018
Nov. 6, 2017
In February 2018 Broadcom withdraws its bid to acquire Qualcomm, two days after U.S. President Donald Trump the attempt.
Nov. 2, 2016
May 28, 2015
Avago Technologies agrees to Broadcom Corp for $37 billion in the largest merger of chipmakers ever. After the takeover, Avago changes its name to Broadcom.
Avago says it will Emulex Corp for $764 million, in a bid to extend Broadcom’s presence in storage networks into fiber channel technology.
Avago says it will LSI Corp for $6.6 billion, as it turns to the fast-growing storage chip market to counter volatility in its main wireless business.
Avago says it will optical chip and component maker CyOptics Inc for about $400 million in cash.
(Compiled by Supantha Mukherjee; Editing by Matt Scuffham and Jan Harvey)