Broadcom said it completed its acquisition of VMware on November 22, 2023. VMware shareholders could elect to receive $142.50 in cash or 0.25200 shares of Broadcom common stock per share, and cash and stock recipients were each prorated at 50% of issued shares.

1. 01

   Broadcom said it completed its acquisition of VMware on November 22, 2023. VMware shareholders could elect to receive $142.50 in cash or 0.25200 shares of Broadcom common stock per share, and cash and stock recipients were each prorated at 50% of issued shares.

2. 02

   The company presented in its attached financial statements that VMware's revenue for the 3 months ended November 3, 2023 was $3,452 million, and its net income was $539 million. For the comparison period, the 3 months ended October 28, 2022, the figures were $3,211 million and $231 million, respectively.

3. 03

   The company said VMware's net cash provided by operating activities for the 9 months ended November 3, 2023 was $3,084 million. As of the same date, cash and cash equivalents were $6,571 million, and during the same 9 months it repaid senior notes of $1,000 million.

4. 04

   The company said VMware's remaining performance obligations as of November 3, 2023 were $12.7 billion, of which approximately 55% is expected to be recognized as revenue within the next 12 months. In the same 9-month period ended on that date, Dell revenue accounted for 36% of VMware's consolidated revenue.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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