Broadcom closes VMware deal after 18-month saga ending in China: Report

By Nick Turner and Ian King Broadcom Inc. completed its takeover of software maker VMware Inc. following an unexpectedly long 18-month process that culminated in the deal getting approval in China.

The transaction, worth $61 billion when it was announced in May 2022, pushes the chipmaker deeper into software. Broadcom Chief Executive Officer Hock Tan is using the deal to build a bigger foothold in so-called hybrid cloud services, which cater to businesses that store data both in their own facilities and outside server farms.