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© Reuters. Broadcom (NASDAQ:) Inc. has announced a significant round of layoffs at VMware (NYSE:)’s Broomfield office, with 184 employees set to lose their jobs starting in January 2024. This move comes as Broadcom, which recently completed a $61 billion acquisition of VMware, begins implementing a broader cost-reduction strategy. The layoffs, disclosed through a WARN … Read more
© Reuters. Broadcom (NASDAQ:) CEO Hock Tan has shed light on the company’s post-acquisition strategy for VMware (NYSE:) at the VMware Explore conference in Barcelona. The acquisition, valued at $61 billion, is still pending due to a lack of regulatory approval from China. The delay could be a retaliation against U.S.’s stringent export controls on … Read more
© Reuters. Broadcom’s (NASDAQ:) forthcoming $69 billion acquisition of VMware (NYSE:NYSE:) is gaining momentum, with the majority of global clearances and necessary foreign investment consents in place. The deal is expected to conclude ahead of the expiration of their merger agreement. Despite the potential delay from China’s regulatory approval, which introduces an element of uncertainty, … Read more
© Reuters. Broadcom (NASDAQ:) Inc.’s multi-billion-dollar acquisition of VMware (NYSE:) Inc. has received conditional approval from the Korea Fair Trade Commission (FTC) due to concerns over potential disruption to fair competition. The deal, worth $61 billion, saw the FTC emphasizing VMware’s dominance in the server virtualization software ecosystem and its control over interoperability certifications for … Read more
© Reuters. Broadcom (NASDAQ:) Inc.’s multi-billion-dollar acquisition of VMware (NYSE:) Inc. has received conditional approval from the Korea Fair Trade Commission (FTC) due to concerns over potential disruption to fair competition. The deal, worth $61 billion, saw the FTC emphasizing VMware’s dominance in the server virtualization software ecosystem and its control over interoperability certifications for … Read more
© Reuters. Broadcom (NASDAQ:) Inc.’s multi-billion-dollar acquisition of VMware (NYSE:) Inc. has received conditional approval from the Korea Fair Trade Commission (FTC) due to concerns over potential disruption to fair competition. The deal, worth $61 billion, saw the FTC emphasizing VMware’s dominance in the server virtualization software ecosystem and its control over interoperability certifications for … Read more
© Reuters. Shares of Broadcom (NASDAQ:) and VMware (NYSE:NYSE:) experienced a decline on Tuesday amid growing speculation that their proposed $61 billion merger could face obstacles from Chinese regulators. This news follows the U.S’s stricter technology export restrictions on computer chips processing artificial intelligence software, which also contributed to a drop in Nvidia’s (NASDAQ:) stock. … Read more
© Reuters. Shares of VMware (NYSE:) fell 7% to $166.34 on Tuesday, amid rising U.S.-China trade tensions and fears that China may retaliate against the U.S.’s tightened semiconductor sales restrictions by blocking Broadcom (NASDAQ:)’s impending $61 billion acquisition of VMware. The U.S.-China trade tensions have cast a shadow over the semiconductor industry, affecting stocks including … Read more
© Reuters. In the upcoming $75 billion merger between Broadcom (NASDAQ:) and VMware (NYSE:), set to close on October 30, an equity option has emerged as a potentially lucrative opportunity for VMware investors. The merger is part of a wider trend in the technology sector, with major companies seeking to consolidate their positions through strategic … Read more
Despite a slowing growth rate, chip giant Broadcom (NASDAQ:) has managed to outperform most of its peers in the semiconductor industry. The company reported a 5% year-over-year increase in revenue to $8.88 billion for the fiscal third quarter of 2023, ending in July. This is, however, a deceleration from the 8% growth witnessed in the … Read more