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By Senad Karaahmetovic
Broadcom (NASDAQ:AVGO) is in advanced talks to acquire VMware (NYSE:VMW), according to Bloomberg News.
VMW stock price jumped 19% premarket on this news while AVGO shares slipped over 3%. The cloud computing company had a $40.3 billion market cap on Friday, which could mean that a potential deal could easily eclipse the $50 billion handle, assuming the typical premium.
According to Bloomberg data, Michael Dell owns roughly 42% of VMW shares.
Here are comments from 4 Wall Street firms in response to Bloomberg’s report.
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