SAN JOSE, California — Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The company, based in San Jose, California, announced it planned to move ahead with the deal after China joined the list of … Read more
SAN JOSE, California (AP) — Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The company, based in San Jose, California, announced the plan after China joined the list of countries… Source link
[1/2]3D printed clouds and figurines are seen in front of the VMware cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights Nov 21 (Reuters) – Broadcom (AVGO.O) said it plans to close its $69 billion deal for cloud computing firm VMWare (VMW.N) on Wednesday. Broadcom added that it has … Read more
Broadcom Inc. said on Monday that it expects its $61 billion deal to buy software maker VMware Inc. to close before a November deadline, working to reassure investors amid concerns that a slowdown in China’s review process could quash the deal. Broadcom and VMware didn’t say how close they might be to an approval from … Read more
Club holding Broadcom ‘s (AVGO) investment prospects look bright – with or without cloud software maker VMWare (VMW) under its corporate roof. For now, though, the companies remain apart after Broadcom’s planned $61 billion takeover of VMWare did not close Monday, as previously scheduled. The hold-up is Chinese antitrust regulators, who have yet to bless … Read more
Huang, cofounder and CEO of Nvidia, photographed at Nvidia’s headquarters, Santa Calra, CA. Copyright © 2016 Ethan Pines Markets were slightly down this week, but three of America’s top 30 richest—Dell Technologies’ Michael Dell, Nvidia’s Jensen Huang and Tesla’s Elon Musk—took especially big tumbles. On Tuesday, the Biden administration announced new measures that aim to … Read more
A $61 billion Broadcom VMware buyout is on track to close in late October. That’s according to the chipmaker, after the deal was given final clearance by the UK’s Competition watchdog today (August 21) – despite its earlier forceful criticism of the planned buyout, made in March 2023. Hold on to your horses, folks. As … Read more
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 … Read more
(Reuters) – UK’s competition regulator said on Monday it has cleared U.S. tech company Broadcom’s $69 billion purchase of VMware, following an in-depth phase-2 probe. The Competition and Markets Authority (CMA) in July provisionally cleared the deal, saying it would not weaken competition in the supply of critical computer server products. (Reporting by Aby Jose … Read more