Broadcom Closes VMware Deal After 18-Month Saga Ending in China

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.

“Together we are well positioned to enable global enterprises to embrace private and hybrid cloud environments, making them more secure and ...