Chip maker titan Broadcom might announce a deal to purchase software company VMware for about $60 billion on Thursday, The Wall Street Journal reported. It also said Broadcom (AVGO) is talking to banks about financing the deal with a $40 billion debt package. Microsoft (MSFT) has agreed to buy videogame company Activision Blizzard (ATVI) for about $75 billion. Read More...
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Block: On Track to Build an ‘Ecosystem of Ecosystems’
Last week, Block (SQ) held its investor day, a bit of a rare occurrence for the digital payments giant. The last such event took place 5 years ago, and many things have changed since. In fact, referring to Block as a payments company might not suffice anymore, at least according to CEO Jack Dorsey. Dorsey has a bigger vision for Block, one which Deutsche Bank’s Bryan Keane highlights as an intention to build an “’ecosystem of ecosystems’ that will create a positive feedback loop as the business
