Broadcom’s $61 billion VMware deal on UK regulator’s radar


November 21 (Reuters) – Britain’s competition regulator said on Monday it was considering whether US chipmaker Broadcom Inc’s (AVGO.O ) could significantly reduce competition.

The Broadcom-VMware deal announced in May is the second-biggest globally so far this year and marks Broadcom’s attempt to expand its business into enterprise software. The companies are also seeking antitrust approval from the European Union.

Tech deals have come under intense scrutiny from regulators around the world amid concerns about too much market power in the hands of a few and the possibility of larger companies acquiring startups only to shut them down.

The Competition and Markets Authority (CMA) is inviting comments by December 6 from interested parties to help it assess whether to open a formal investigation into the Broadcom-VMware deal.

The companies did not immediately respond to Reuters requests for comment.

Report from Radhika…

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