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

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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 regulatory green lights in several countries. According to Dealreporter, citing sources close to the development, the…



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