Every day, we handpick the 5 Top Stories stock market investors need to know. In 5 minutes, you’ll learn the stocks, CEOs, and money managers moving markets. EV Makers Prioritise Batteries Chinese electric vehicle (EV) maker Nio [NIO] announced on Tuesday that it has entered into a collaboration with Chongqing Changan Automobile [000625:SZ]. Among other … Read more
Hock Tan pledged more investment in VMware ecosystem to make products easier to deploy and consume when Broadcom-VMware closes. Source link
Broadcom-VMware remains in limbo. But a lot is happening at Google Cloud, Kyndryl, Microsoft and Amazon Web Services. Check out cloud news. Source link
China withholding approval of the acquisition is a sign of how the political tensions are reshaping the world into multipolar economic spheres of influence. By Larry Walsh Broadcom’s $61 billion acquisition of VMware was expected to close yesterday, but it has stalled due to the withholding of approval by Chinese regulators, leaving stakeholders, shareholders, and … Read more
Every day, we handpick the 5 Top Stories stock market investors need to know. In 5 minutes, you’ll learn the stocks, CEOs, and money managers moving markets. Regulators Tighten Grip on AI US President Joe Biden unveiled a new executive order on Monday aimed at increasing oversight and regulation of artificial intelligence (AI). The new … Read more
Every day, we handpick the 5 Top Stories stock market investors need to know. In 5 minutes, you’ll learn the stocks, CEOs, and money managers moving markets. Regulators Tighten Grip on AI US President Joe Biden unveiled a new executive order on Monday aimed at increasing oversight and regulation of artificial intelligence (AI). The new … Read more
© Reuters. Broadcom’s (NASDAQ:) forthcoming $69 billion acquisition of VMware (NYSE:NYSE:) is gaining momentum, with the majority of global clearances and necessary foreign investment consents in place. The deal is expected to conclude ahead of the expiration of their merger agreement. Despite the potential delay from China’s regulatory approval, which introduces an element of uncertainty, … Read more
Broadcom has said it expects to close its €56 billion acquisition of VMware before the end of October, despite ongoing scrutiny in China that threatens to scupper the deal. To read more Subscribe to… Source link
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