VMware slides after agreeing to buy Carbon Black and Pivotal in a double merger valued at $4.8 billion
Software company VMware agreed to acquire Carbon Black and Pivotal for a total value of $4.8 billion. Shares of VMware slipped 4% in aftermarket trading, while Pivotal gained as much as 8% and Carbon Black saw shares halted. Read more on Markets Insider. Software company VMware said on Thursday that it will acquire two companies for a total of $4.8 billion: Carbon Black for $2.1 billion and Pivotal for $2.7 billion. The deal is expected to close by the end of January 2020, CNBC reported.
Software company VMware agreed to acquire Carbon Black and Pivotal for a total value of $4.8 billion. Shares of VMware slipped 4% in aftermarket trading, while Pivotal gained as much as 8% and Carbon Black saw shares halted. Read more on Markets Insider. Software company VMware said on Thursday that it will acquire two companies for a total of $4.8 billion: Carbon Black for $2.1 billion and Pivotal for $2.7 billion. The deal is expected to close by the end of January 2020, CNBC reported.
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