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Key facts: Broadcom's $69B VMware Deal Finalized; Stock Rises 1.9%

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  • Broadcom is finalizing its $69 billion purchase of VMware, advised by Kevin Brunner, the new global chair of investment banking and M&A at JPMorgan Chase.1
  • Broadcom led gains among tech stocks on Wall Street, contributing to a recovery in the S&P 500 and Nasdaq indices amid a mixed batch of corporate earnings.2
  • Broadcom's stock rose 1.9% in premarket trading, driven by positive sentiment in the semiconductor sector following Intel's strong performance and outlook on semiconductor demand.3