VMware (NYSE:VMW) stock is up 20% Monday on reports that Broadcom (NASDAQ:AVGO) is interested in acquiring the cloud computing company.
According to multiple reports, chipmaker Broadcom is in active talks with VMware to purchase it. While negotiations are progressing, no deal has bee announced. However, reports that the two companies are discussing a sale has been enough to push the share price of VMware sharply higher today.
Here’s what’s happening with VMW stock…
The post Why Is VMware (VMW) Stock Climbing 20% Today? originally appeared at InvestorPlace.