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VMware Inc announces acquisition of AirWatch

Wednesday, 22 Jan 2014 07:01am EST 

VMware Inc:Signs a definitive agreement under which it will acquire AirWatch.Says acquire for about $1.175 bln in cash and about $365mln of installment payments and assumed unvested equity.Says AirWatch team will continue to report to founder and chief executive officer John Marshall as part of VMware's End-User Computing group, led by Sanjay Poonen, EVP and GM.