Sundry Photography/iStock Editorial via Getty Images China’s delay in approving Broadcom’s (NASDAQ:AVGO) more than $61 billion planned purchase of VMware (NYSE:VMW) appears to be “clearly political.” VMware rose 1.1%, likely amid news that U.S. President Joe Biden will meet with President Xi Jinping of China next week. “It seems 100% due, as much as I … Read more
Slated to close Oct. 30, Broadcom’s VMware purchase now remains uncertain as the companies seeks to secure regulatory approval from China. Source link
Justin Sullivan/Getty Images News Broadcom (NASDAQ:AVGO) expects its $69B acquisition of VMware (NYSE:VMW) to close soon, before the expiration of their merger agreement. The companies said they have received merger clearance in Australia, Brazil, Canada, the EU, Israel, Japan, South Africa, South Korea, Taiwan, the U.K. and foreign investment control clearance in all necessary jurisdictions, … Read more
© Reuters. Broadcom (NASDAQ:) Inc.’s multi-billion-dollar acquisition of VMware (NYSE:) Inc. has received conditional approval from the Korea Fair Trade Commission (FTC) due to concerns over potential disruption to fair competition. The deal, worth $61 billion, saw the FTC emphasizing VMware’s dominance in the server virtualization software ecosystem and its control over interoperability certifications for … Read more
© Reuters. Broadcom (NASDAQ:) Inc.’s multi-billion-dollar acquisition of VMware (NYSE:) Inc. has received conditional approval from the Korea Fair Trade Commission (FTC) due to concerns over potential disruption to fair competition. The deal, worth $61 billion, saw the FTC emphasizing VMware’s dominance in the server virtualization software ecosystem and its control over interoperability certifications for … Read more
South Korea’s Fair Trade Commission has conditionally approved Broadcom’s acquisition of VMware, leaving China as the holdout ahead of the forecast October 30 closing day for the mammoth deal. The Commission on Monday published its decision, which expresses concern that Broadcom’s ownership of VMware could reduce competition for fiber channel host bus adapters (HBAs). The … Read more
© Reuters. Broadcom (NASDAQ:) Inc.’s multi-billion-dollar acquisition of VMware (NYSE:) Inc. has received conditional approval from the Korea Fair Trade Commission (FTC) due to concerns over potential disruption to fair competition. The deal, worth $61 billion, saw the FTC emphasizing VMware’s dominance in the server virtualization software ecosystem and its control over interoperability certifications for … Read more
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start. The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype. For the past decade, we have developed and perfected technology designed to help private investors, just like … Read more
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Sundry Photography/iStock Editorial via Getty Images China’s antitrust authority has paused its review of Broadcom’s (NASDAQ:AVGO) planned $61 billion purchase of VMware (NYSE:VMW) as the regulator has advanced remedy talks with the parties on the transaction. China’s State Administration for Market Regulation is likely to impose behavioral remedies on the deal, according to a Dealreporter … Read more