(Reuters) – Cloud software maker VMWare Inc said it would buy mobile security company AirWatch for about $1.18 billion in cash and about $365 million in installment payments and assumed unvested equity. AirWatch will become a unit of VMWare and its employees will continue to report to AirWatch founder and Chief Executive John Marshall. (Reporting by Neha Alawadhi in Bangalore; Editing by Don Sebastian)
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