Broadcom will buy VMware for $61 billion over unsexy software

broadcom chief executive hock tan$61 billion deal to buy VMware It’s by far the biggest bet that demand for enterprise software will stay buoyant despite the economic turmoil—and that bundling different offerings of low-profile products could yield big returns.

Mr Tan Produces Broadcom in a microchip powerhouse By acquiring manufacturers of lots of not-so-sexy-but-essential components, then cutting costs and taking advantage of the company’s growing pricing power. He’s banking on now that the same model will work in corporate software.