Broadcom in Advanced Talks to Buy VMware

Broadcom is in advanced talks to buy VMware according to people familiar with the matter, setting the stage for what would be one of the year’s biggest deals.

The technology companies are discussing a cash-and-stock deal that could come soon, assuming the talks don’t fall apart, the people said. VMware has a market value of $40 billion, while Broadcom’s is around $222 billion.