Joshua Fineman 
Sundry Photography/iStock Editorial via Getty Images China’s delay in approving Broadcom’s (NASDAQ:AVGO) more than $61 billion planned purchase of VMware (NYSE:VMW) appears to be “clearly political.” VMware rose 1.1%, likely amid news that U.S. President Joe Biden will meet with President Xi Jinping of China next week. “It seems 100% due, as much as I … Read more
Sundry Photography/iStock Editorial via Getty Images Broadcom (NASDAQ:AVGO) CEO Hock Tan briefly discussed his plans to increase R&D at VMware (NYSE:VMW) once the more than $61 billion acquisition is completed. Tan was speaking at a VMware event in Barcelona and was discussing what he will do post Broadcom’s (AVGO) acquisition of the company, according to … Read more
Sundry Photography/iStock Editorial via Getty Images Broadcom (AVGO) CEO Hock Tan believes the delay in the closure of its $69 billion purchase of VMware (NYSE:VMW) is due to bureaucratic reasons, not political issues. VMware (VMW) fell 1.6%, while Broadcom rose 1.3%. “Mr. Tan does believe it’s bureaucratic and not political,” CNBC’s David Faber said on … Read more
Sundry Photography/iStock Editorial via Getty Images Broadcom CEO Hock Tan met with Chinese officials over the past weekend as the company tries to win approval for its planned $69 billion acquisition of VMware (NYSE:VMW). The meeting occurred in the U.S. as China’s Foreign Minister Wang Yi was in Washington, DC to meet White House officials … Read more
Sundry Photography/iStock Editorial via Getty Images Broadcom’s (NASDAQ:AVGO) planned purchase of VMware (NYSE:VMW) received approval from South Korea. The purchase of VMware (VMW) received approval from South Korea’s Fair Trade Commission, according to a Bloomberg report on Friday, which cited a Broadcom (AVGO) spokesperson. Broadcom (AVGO) reiterated that it expects to close the VMware deal … Read more
Sundry Photography/iStock Editorial via Getty Images VMware (NYSE:VMW) fell 6.8% in premarket trading on a report that China is weighing a delay in approval of Broadcom’s (NASDAQ:AVGO) $69 billion acquisition. China’s State Administration for Market Regulation has not signed off on the delay and is likely to delay approving the VMware (VMW) acquisition, especially after … Read more
Sundry Photography/iStock Editorial via Getty Images Broadcom (NASDAQ:AVGO) and VMware (NYSE:VMW) set Oct. 23 as the deadline for VMware holders to elect the form of merger consideration they will take. VMW rose 1.1% in premarket trading. The companies reiterated that they expect to close the transaction by Oct. 30, subject to the receipt of regulatory … Read more
Sundry Photography/iStock Editorial via Getty Images VMWare (NYSE:VMW) dropped 11% in premarket trading amid a report about China’s review of the firm’s more than $60 billion sale to Broadcom (NASDAQ:AVGO). Broadcome fell 1.6%. The timing of the China antitrust regulator’s deal approval appears to now depend on the macro environment, according to traders, who cited … Read more
Sundry Photography/iStock Editorial via Getty Images VMWare (NYSE:VMW) dropped 11% in premarket trading amid a report about China’s review of the firm’s more than $60 billion sale to Broadcom (NASDAQ:AVGO). Broadcome fell 1.6%. The timing of the China antitrust regulator’s deal approval appears to now depend on the macro environment, according to traders, who cited … Read more
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