Billion

Broadcom’s $69 Billion Acquisition of VMware Approved by UK Regulators

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Broadcom’s Billion Acquisition of VMware Approved by UK Regulators

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

UK clears Broadcom’s $69 billion deal to buy VMware

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UK clears Broadcom’s billion deal to buy VMware

(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