Broadcom’s (NASDAQ:AVGO) VMware Acquisition Delay May be Politically Motivated  – TipRanks.com

Broadcom’s (NASDAQ:AVGO) VMware Acquisition Delay May be Politically Motivated  – TipRanks.com

The Chinese government’s delay in approving Broadcom’s (NASDAQ:AVGO) planned acquisition of cloud computing company VMware (NYSE:VWM) may be politically motivated, reports suggest. According to CNBC’s David Faber, the approval delay, coupled with the new restrictions on Nvidia chips, all make the speculations probable, especially since the Chinese government hasn’t provided a clear cause. Broadcom CEO … Read more

Broadcom (NASDAQ:AVGO) Expects Chinese Approval for VMW Buyout – TipRanks.com

Broadcom (NASDAQ:AVGO) Expects Chinese Approval for VMW Buyout – TipRanks.com

In a regulatory tussle that started last year, Broadcom (NASDAQ:AVGO) now expects its planned acquisition of VMware (NYSE:VMW) to receive conditional approval from Chinese regulators. Both Broadcom and VMware are trading higher in Thursday’s session.  Talks about the acquisition deal, valued at $60 billion, started in May of last year. Since then, Broadcom has sought … Read more