U.K. regulators gave the green light for Broadcom’s (AVGO) $69 billion purchase of VMware (VMW) on Monday, sending shares of both companies higher in early trading.
Key Takeaways
- The U.K.’s Competition and Markets Authority (CMA) on Monday cleared Broadcom’s $69 billion acquisition of VMware.
- The deal, first announced in May of last year and initially valued at $61 billion, cleared one of its biggest regulatory hurdles this week.
- The merger could help speed up Broadcom’s adoption of…