VMware – pressnews

[ad_1] Broadcom Inc. said on Monday that it expects its $61 billion deal to buy software maker VMware Inc. to close before a November deadline, working to reassure investors amid concerns that a slowdown in China's review process could quash the deal. Broadcom and VMware didn't say how close they might be to an approval from Chinese regulators — the last major hurdle to closing the deal, but they said in a statement on Monday that there is “no legal impediment” to closing under US merger regulations. The deal agreement between the companies expires on Nov. 26. If the merger is terminated because the takeover doesn't gain regulatory approvals in time, Broadcom may be on the hook for a $1.5 billion termination fee under the terms of the agreement. We are now on WhatsApp. Click to join.T...

[ad_1] VMware Inc on Tuesday said it has developed a new set of software tools in partnership with Nvidia Corp aimed at businesses which want to develop generative artificial intelligence in their own data centers rather than the cloud.VMware, which is close to being acquired by chip firm Broadcom Inc in a $69 billion deal, makes software that corporations use to run their privately owned data centers. For more than two decades, VMware's tools have been used by businesses to divvy up the computing power in central processor chips, which are the brains of traditional servers. On Tuesday, the company released a new set of tools help designed to manage Nvidia chips, which dominate the market for AI systems that can read and write text in human-like ways. Companies like Microsoft Corp, for ...

Tag: VMware

Broadcom and VMWare Say $61 Billion Deal Will Close ‘Soon’

VMware, Nvidia target businesses that want their own AI