Intel to Invest Over $200M in VMware

| News

Computer chip maker Intel and virtualization software developer VMware announced on Monday that Intel is investing US$218.5 million in the developeris company. The deal is being managed through Intelis investment arm, Intel Capital.

VMware develops virtualization software that lets Intel-based computers run applications written for operating systems other than the one the computer is currently using. The companyis VMware Fusion application -- in beta testing phase now -- allows Mac OS X users to run Windows-based programs along side Mac programs.

The two companies have also entered into a partnering agreement to collaborate on virtualization technology development.

The stock purchase deal will give Intel about 2.5 percent of VMWareis common stock, and will also likely give the company a seat on the VMWare Board of Directors. Regulatory approval is still pending, and the companies have not stated when to expect the transaction to be completed.

No Comments

Log in to comment (TMO, Twitter or Facebook) or Register for a TMO account