Broadcom’s VMware deal is attracting more regulatory attention

0
41

  • The UK competition authority said it was checking whether US chipmakers Broadcom Inc (NASDAQ: AVGO) Acquisition of Cloud Computing Company Valued at $61 Billion VMware Inc (NYSE: VMW) could have anti-competitive effects.

  • The Competition and Markets Authority (CMA) solicited comments from interested parties through Dec. 6 to help it formally assess whether to open an investigation into the Broadcom-VMware deal.

  • The Broadcom-VMware deal marks Broadcom’s attempt to expand its business into enterprise software.

  • Also read: Microsoft Fights Barrage of EU Antitrust Complaints; From unfair licensing practices to the acquisition of Activision Blizzard

  • The companies also applied for 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 more prominent companies acquiring startups only to shut them down.

  • The CMA had ordered Meta Platform Inc (NASDAQ:META) to drop acquisition…



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here