VMware Laps Up SpringSource

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http://www.linuxinsider.com – VMware is acquiring SpringSource, an enterprise and Web application development and management company, to eventually build out a Platform as a Service offering. Under the terms of the agreement, VMware will pay approximately $362 million in cash and equity, and it will assume approximately $58 million of unvested stock and options. The deal has already been approved by SpringSource's stockholders and is expected to close in Q3. At bottom, this is a play to expand VMware's virtualization bona fides, as well as to broaden its expertise and offerings in the cloud. (General)