Club holding Broadcom 's investment prospects look bright – with or without cloud software maker VMWare under its corporate roof. For now, though, the companies remain apart after Broadcom's planned $61 billion takeover of VMWare did not close Monday, as previously scheduled. The hold-up is Chinese antitrust regulators, who have yet to bless the deal, CNBC's David Faber reported.
mountain Broadcom YTD With VMWare, Broadcom would be a company with sales split roughly 50-50 between its traditional semiconductor division — an artificial intelligence beneficiary — and software, which typically is higher-margin revenue. VMWare, which generated $13.4 billion in revenue in its most recent fiscal year, sells software that's critical in the cloud-computing industry. Broadcom's total revenue is expected to be nearly $36 billion in its fiscal year ending this month.