Site icon VMVirtualMachine.com

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

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


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…



Source link

Exit mobile version