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VMware Strikes $4.8B in Deals for Pivotal, Carbon Black; Pat Gelsinger Quoted

Aug 23, 2019 - ICT Monitor Worldwide
Mergers and Acquisitions

VMware (NYSE: VMW) has agreed to acquire Pivotal Software (NYSE: PVTL) for approximately $2.7B and cybersecurity firm Carbon Black (Nasdaq: CBLK) for about $2.1B.

VMware said Thursday it expects both transactions to be finalized in the second half of its fiscal year 2020 ending Jan. 31, subject to customary closing conditions.

VMware will combine its information technology infrastructure and expertise with Pivotals assets and developer experience to provide clients a comprehensive po...