Broadcom is almost 50% Hardware and 50% Enterprise SaaS (CA Technologies' APM product line, Symantec's EPP product line, and now VMWare's entire private cloud product line) by revenue.

I wouldn't be surprised if Broadcom did this acquisition in order to pull of a HP/HPE type split. Broadcom alumni did a similar thing with Citrix, TIBCO, and NetScaler merging into the "Cloud Security Group"