Why VMware Stock Is Soaring Today

Shares of VMware (NYSE: VMW) were skyrocketing this morning after The Wall Street Journal published a report saying that the semiconductor company Broadcom (NASDAQ: AVGO) is in "advanced talks" to buy the hybrid cloud computing company. 

VMware's stock was up by 19.4% as of 1:41 p.m. ET. Meanwhile, Broadcom's stock was down 4.3% on the news.

The Wall Street Journal said that the acquisition would be a cash-and-stock deal that could be announced soon between the two companies, although no specific amount was mentioned in the report. 

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Source Fool.com