It’s all about diversification…
Today, US-based semiconductor company Broadcom announced it has agreed to acquire cloud computing company VMware for a staggering $61 billion. This could become one of the biggest M&A transactions in the tech sector ever.
VMware specializes in multi-cloud services and pioneered virtualization technology. It’s an iconic brand for sure.
But what is pushing Broadcom to pursue such massive deal? It’s very simple: diversification. The semiconductor industry is very cyclical where technology becomes obsolete fairly quickly. By proposing more product and services Broadcom could alleviate risks (and could also find synergies among offerings within the two entities).
The transaction is expected to be completed in 2023 and is subject to regulatory approvals as well as the approval by VMware shareholders.
This story was first published on The PhilaVerse (my Substack newsletter).
Chris Wallace, Eva Longoria and Stanley Tucci shows have found new home
Following the demise of streaming service CNN+, many wondered what would become of its associated show. But perhaps there is hope for some of them…
On May 18, TechCrunch reported that “Who’s Talking to Chris Wallace” will move to HBO Max and the linear CNN network sometime in the fall (of course both brands are part of Warner Bros. Discovery; aka CNN’s parent company). Also moving to good ol’ CNN are “Eva Longoria: Searching for Mexico” and “Stanley Tucci: Searching for Italy.”
This could be a prequel to other CNN+ shows moving to other properties within the WBD group. Such would make sense as some of them potentially have a strong fit with both HBO Max and Discovery+ (think lifestyle/family audiences).
This story was first published on The PhilaVerse (my Substack newsletter).
