VMware buys two software firms in separate deals totalling $5 billion

(Reuters) - VMware Inc said on Thursday that it would buy Pivotal Software Inc, a maker of software development and management tools, in a deal valued at $2.7 billion.

Reuters August 23, 2019 03:05:45 IST
VMware buys two software firms in separate deals totalling $5 billion

VMware buys two software firms in separate deals totalling 5 billion

(Reuters) - VMware Inc said on Thursday that it would buy Pivotal Software Inc, a maker of software development and management tools, in a deal valued at $2.7 billion.

Separately, it also said it would purchase software firm Carbon Black for an enterprise value of $2.1 billion.

Dell Technologies Inc is the controlling stockholder for VMware and Pivotal Software.

VMware's deal for Carbon Black will be an all cash transaction for $26 per share, the company said in a statement.

The Pivotal deal is for a blended price per share of $11.71.

(Reporting by Tamara Mathias in Bengaluru; Editing by Bernard Orr)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

British newspaper distribution hit by Extinction Rebellion blockade
Business

British newspaper distribution hit by Extinction Rebellion blockade

By James Davey LONDON (Reuters) - Distribution of several British newspapers was disrupted on Saturday after climate change activists blockaded printworks used by Rupert Murdoch's News UK, publisher of The Times and The Sun, drawing condemnation from Prime Minister Boris Johnson.

'Keep calm and support Barnier': French minister denies Brexit negotiator sidelined
Business

'Keep calm and support Barnier': French minister denies Brexit negotiator sidelined

PARIS (Reuters) - France denied the European Union's Brexit negotiator Michel Barnier was about to be sidelined by EU leaders in a bid to break the deadlock in trade talks, as reported by British newspaper the Daily Telegraph. Twisting a famous British war slogan, European affairs minister Clement Beaune tweeted on Saturday: "Keep calm and support Michel Barnier".

Mexico rejects ex-President Calderon's bid to register new political party
World

Mexico rejects ex-President Calderon's bid to register new political party

MEXICO CITY (Reuters) - Mexico's National Electoral Institute (INE) has denied former President Felipe Calderon's bid to register his Free Mexico movement as a new political party, saying some of its funding was questionable.