Broadcom has finally completed its $61bn takeover of virtualisation specialist VMware after China’s antitrust regulator gave its approval to the acquisition. As a result, VMware CEO Raghu Raghuram has announced he will leave the business. VMware is now part of Broadcom. (Photo by Michael Vi/Shutterstock) Chipmaker Broadcom announced the completion of the deal yesterday, having … Read more
Chinese regulators could delay the $61bn takeover of VMware by US chipmaker Broadcom. Despite some opposition, the deal has been approved by regulators around the world, but in the wake of tightening US sanctions on tech companies operating in China, officials in Beijing are reportedly considering whether to put the brakes on the blockbuster acquisition. … Read more
VMware, a company specialising in cloud computing and virtualisation, conducted a staff meeting last week during which it warned employees of impending layoffs. The announcement came as Broadcom finalises its $61 billion acquisition of the company, expected to be completed in late October. According to The Register, the meeting was a routine quarterly company update, … Read more
UK’s CMA approval final legal step in Broadcom’s VMware acquisition The final transaction approval from the United Kingdom’s Competition and Markets Authority follows legal merger clearance in the European Union, as well as in Australia, Brazil, Canada, Israel, South Africa, and Taiwan. “Broadcom continues to work constructively with regulators in other jurisdictions and is in … Read more