Broadcom has agreed buy VMWare in a cash-and-stock deal that would value the former cloud computing division of Dell Technologies at around $61 billion.
U.S. stocks moved firmly Monday, while the dollar extended declines against its global peers and Treasury yields stabilized, as markets looked to a cautious start to a crucial week of Fed rate signaling following one of the worst runs for domestic stocks in two decades.
Stock futures higher, dollar slides as markets debate Fed Put ; Week Ahead: Fed s inflation fight in focus, earnings near close; WMware shares surge as Broadcom eyes potential $50 billion takeover; Apple reportedly looking to expand production outside of china and Zoom shares edge higher ahead of Q1 earnings.
VMware shares surged higher Monday following reports that the former cloud computing division of Dell Technologies is a $50 billion takeover target of chipmaker Broadcom.
Workers at a Shanghai technology factory crashed through barriers erected to keep them from leaving the plant and struggled with guards trying to keep them inside.