China’s approval of the Broadcom-VMware merger marks a significant step in the tech world, despite ongoing cybersecurity concerns: GlobalData Source link
It’s the merger some of us have been waiting for for months. The merger between chip stock Broadcom (NASDAQ:AVGO) and VMWare (NASDAQ:VMW) has finally received Chinese approval, and can go through. It’s proven very little in the way of good for either company, though, as Broadcom slumped nearly 1.5% in Tuesday morning’s trading session, and … Read more
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
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
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
Slated to close Oct. 30, Broadcom’s VMware purchase now remains uncertain as the companies seeks to secure regulatory approval from China. Source link
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
Shares of technology companies slipped ahead of earnings from some major firms next week. Despite the yearlong hype about artificial-intelligence products boosting growth in the sector, the S&P 500 tech industry group is expected to generate third-quarter revenue growth of a meager 1.5%, according to research from LSEG. Microsoft, Apple and Alphabet shares all slipped … Read more
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