VMware Shells Out $1.5B For Mobile Security Co. AirWatch

Law360, New York (January 22, 2014, 4:46 PM EST) -- California-based technology company VMware Inc. will buy Atlanta mobile security and enterprise mobility management provider AirWatch LLC for about $1.5 billion, the companies announced Wednesday, in a deal that VMware said brings together two complementary businesses.

VMware will finance the deal — which is expected to close late in the first quarter of 2014 — using nearly $1.2 billion in cash and about $365 million of installment payments and assumed unvested equity. The deal, which has been approved by the boards of directors of both companies,...
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