Is This Dividend Growth Stock a Buy Now? Broadcom Buying VMware

By Eric Cuka – Jun 29, 2022 at 7:30AM

NASDAQ: AVGO

Broadcom

Market Cap

$567B

Today's Change

(2.02%) $24.73

Current Price

$1,249.19

Price as of April 23, 2024, 4:00 p.m. ET

Broadcom is acquiring cloud services provider VMware for a whopping $61 billion. Is Broadcom stock a buy now? Here's everything you need to know.

Today, I break down everything you need to know regarding the Broadcom (AVGO 2.02%) and VMware (VMW) deal. If approved, it would be one of the largest technology acquisitions of all time. In the below video, I break down the details of the acquisition, explain each business and possible synergies, and share my thoughts on the stock price and if I think AVGO is a buy now.

*Stock prices used in the below video were during the trading day of June 28, 2022. The video was published on June 28, 2022.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Eric Cuka has positions in Alphabet (A shares), Amazon, Broadcom Ltd, CrowdStrike Holdings, Inc., Microsoft, and SentinelOne, Inc. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, CrowdStrike Holdings, Inc., Dell Technologies Inc., and Microsoft. The Motley Fool recommends Broadcom Ltd and VMware. The Motley Fool has a disclosure policy. Eric is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.