VMware shares under pressure as China delays Broadcom merger approval
VMware Inc’s stock price fell 10% on Thursday following a Financial Times article stating that the Chinese State Administration of Market Regulation is… Source link
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China threatens $69bn Broadcom-VMware mega-deal
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
Specter of China haunts looming Broadcom-VMware merger
China may yet throw a spanner in the works of Broadcom’s imminent takeover of virtualization supremo VMware as payback for the latest in line of export restrictions imposed on it by Washington. Semiconductor giant Broadcom is all set to close its $69 billion buy of VMware on October 30 after passing some regulatory hurdles, including … Read more
Tech Down as VMWare, China Fears Weigh — Tech Roundup
Shares of technology companies fell after one major deal was jeopardized by U.S.-China tensions, stoking concerns that the tech trade war will hurt the industry. Shares of VMWare plunged after The Financial Times reported Broadcom’s roughly $61 billion deal to buy the maker of virtualization software was held up by Beijing authorities, largely in response … Read more
VMware’s stock plunges 10% on report that Chinese regulators could block Broadcom deal
Shares of VMware Inc. VMW, -10.14% slumped 10% Thursday following a news report that the Chinese government could block Broadcom Inc.’s AVGO, -0.83% planned $69 billion acquisition of VMware. Chinese regulators are considering whether to delay approval of the megadeal, according to a report in The Financial Times Thursday. Opposition is considered a response to … Read more
China Could Delay Broadcom-VMware Because of Biden
The $61 billion Broadcom-VMware deal might not close on Oct. 30 after all due to new Biden Administration controls on chip exports. Source link
China may further delay approving the VMware-Broadcom deal
An FT report says China may take even longer to approve VMW-AVGO deal. Shares of both VMware and Broadcom Inc are in the red on Thursday. Source link
China could present fresh roadblock to $61bn Broadcom VMware deal
Chinese regulators could delay the $61bn takeover of VMware by US chipmaker Broadcom. Despite some opposition, the deal has been approved by regulators around the world, but in the wake of tightening US sanctions on tech companies operating in China, officials in Beijing are reportedly considering whether to put the brakes on the blockbuster acquisition. … Read more
VMWare Down After FT Reports China Holding Up Broadcom Buyout
By Rob Curran Shares of VMWare slid premarket after the Financial Times reported that authorities in China were holding up chipmaker Broadcom’s multibillion dollar buyout of the maker of virtualization software in the latest salvo of the U.S.-China tech battle. The State Administration of Market Regulation in Beijing is delaying approval of the merger deal … Read more
VMware drops on report China evaluating delaying approval of Broadcom deal (NYSE:VMW)
Sundry Photography/iStock Editorial via Getty Images VMware (NYSE:VMW) fell 6.8% in premarket trading on a report that China is weighing a delay in approval of Broadcom’s (NASDAQ:AVGO) $69 billion acquisition. China’s State Administration for Market Regulation has not signed off on the delay and is likely to delay approving the VMware (VMW) acquisition, especially after … Read more