Broadcom Inc. (AVGO) announced on Tuesday that it finalised its acquisition of VMware Inc. and that the company’s shares will no longer trade on the New York Stock Exchange (NYSE). Hock Tan, the president and chief executive officer (CEO) of Broadcom, said in the company’s press release: We are excited to welcome VMware to … Read more
The decision comes as China’s State Administration of Market Regulation explores the possibility of extending the review process indefinitely, according to a report by the Financial Times, which cites three anonymous sources familiar with the situation. The move is seen as a response to Washington’s updated export controls, designed to close a loophole that allowed … Read more
Two things to start: Blackstone shares dropped more than 7 per cent on Thursday after it reported weaker than forecast earnings. Lex writes the second trillion is always the hardest. And: We reveal what the future holds for Manchester United football club as it looks to welcome in Jim Ratcliffe as a minority investor. Plus, … Read more
Broadcom’s $69bn acquisition of VMware was given the nod by UK regulators on Monday, as the Competition and Markets Authority (CMA) issued its final decision after an intensive phase two investigation into the deal. The CMA previously raised concerns during its phase one investigation about the potential implications the merger could have on competition within … Read more
UK competition regulators have cleared the $69bn acquisition of VMware by Broadcom following an in-depth investigation. Source link