Mon. 05/23 – Big Tech Consolidation Coming?
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 23 May 2022
⏱️ 18 minutes
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| 0:00.0 | Welcome to the Tech Meme Right Home for Monday, May 23rd, 2022. |
| 0:07.8 | I'm Brian McCullough. |
| 0:08.6 | Today is a big mergers and acquisition wave about to hit the tech industry. I make the case from several |
| 0:15.1 | different angles. AMD releases its next generation Rise and Chips and a super interesting new |
| 0:20.8 | startup in the Web 3 space. it a game is it a fitness |
| 0:24.7 | app can you earn money just for moving yes here's what you miss today in the world |
| 0:29.4 | of tech sources say Broadcom is in talks to acquire VMware which has around a |
| 0:38.1 | 40 billion dollar market cap but the discussions are ongoing and there's no |
| 0:41.7 | guarantee they will lead to a purchase. |
| 0:44.7 | Quoting Bloomberg. |
| 0:45.8 | Broadcom, which has a valuation of about $213 billion fell 4.4% on the rumors. A deal for VMware would rank among the biggest ever acquisitions |
| 0:55.7 | of a technology company. The industry has been one of the bright spots for bankers in recent months, |
| 1:00.8 | even as the overall pace of dealmaking slows from 2021's record pace. |
| 1:05.0 | Takeovers of technology companies globally are up 46% this year to $263 billion, according |
| 1:11.7 | to data compiled by Bloomberg. |
| 1:13.8 | The tally was buoyed by Microsoft's agreement in January to buy video game publisher |
| 1:18.0 | Activision Blizzard for $69 billion. |
| 1:21.0 | A consortium backed by Vista Equity Partners is acquiring Software Maker Citrix Systems for $13 billion, |
| 1:27.0 | while Elon Musk announced a $44 billion deal for Twitter last month. |
| 1:31.0 | The transaction would extend a run of acquisitions for |
| 1:34.0 | Broadcom Chief Executive Officer Hawk Tan, who has built one of the largest and most |
| 1:38.1 | diversified companies in the chip industry. Software has been a key focus in |
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