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EU commission clears acquisition of VMware by Broadcom
(ec.europa.eu)
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this post was submitted on 13 Jul 2023
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Technology
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Kind of. VMWare was bought by EMC back in 2004. EMC was acquired by Dell. Dell now sells VMWare to Broadcom. Not really consolidation, maybe more a spin-off this time 'round? I read this somewhere once: "Enterprise: A collective noun for a group of companies that spend lots of money on each other".
Broadcom’s stated goal of increasing VMware’s annual profits from $4.7 billion to $8.5 billion within three years. That sounds ... ambitious. Sure you can make some savings by de-duplicating backend business operations, but it still sounds like R&D cuts or price hikes are on the way :(
I mean, why not both? ;)