On April 26, Broadcom CEO Hock Tan’s assistant called Michael Dell’s assistant to make an appointment, and that is how VMware’s biggest news story of 2022 began.
The biggest news to hit VMware this year came in May when Broadcom CEO Hock Tan stepped forward with a $61 billion offer for the company that had just declared its independence.
Broadcom’s takeover is now in the hands of regulators in the U.S. and Europe. In Europe, regulators have set a deadline for later this month to issue an initial opinion on the deal. In the U.S., the Federal Trade Commission is five months into what’s called a “second request” investigation of the deal.
Broadcom said it is not surprised by the attention from officials. VMware has aroud 200,000 customers inside the largest corporations and in sensitive areas of government who rely on the virtualization software for mission-critical work. That, plus the size of the deal, was always going to require a longer time frame. Since the first annoucnement, Broadcom has set a deadline of Oct. 31, 2023, to complete the deal.
One thing that has remained constant this year has been VMware’s stock price, which has yet to reach the $142.50 premium that Broadcom is promising shareholders if the deal goes through. Rather, shares topped out at $131.99 on June 3 and have hovered around the low $120 range since.
Along the path to 2023, VMware also made some big announcements of its own, pushing out Project Monterey, its yearslong collaboration with Nvidia to introduce a DPU that can bring AI processing to the edge. Updates to VMware’s partner program also were unveiled, enhancements designed to increase the expertise of VMware partners and introduce them to greater opportunities.
Here are the 10 biggest VMware news stories of 2022.