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