The European Commission has approved Broadcom Inc.’s acquisition of VMware Inc. sending VMware’s stock up 2.3% premarket. Broadcom, which makes chip and...
The European Commission has approved Broadcom Inc.’s AVGO acquisition of VMware Inc. VMW, sending VMware’s stock up 2.3% premarket. Broadcom, which makes chip and infrastructure software, announced the $61 billion deal to buy VMware in May 2022, but the deal has been the subject of regulatory scrutiny ever since.
Broadcom, which makes chip and infrastructure software, announced the $61 billion deal to buy VMware in May 2022, but the deal has been the subject of regulatory scrutiny ever since. It has now been granted legal merger clearance in Australia, Brazil, Canada, South Africa, and Taiwan, and foreign investment control clearance in all necessary jurisdictions, the company said Wednesday. Broadcom “looks forward to continuing to work constructively with regulators around the world.
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