Sundry Photography/iStock Editorial via Getty Images Broadcom CEO Hock Tan met with Chinese officials over the past weekend as the company tries to win approval for its planned $69 billion acquisition of VMware (NYSE:VMW). The meeting occurred in the U.S. as China’s Foreign Minister Wang Yi was in Washington, DC to meet White House officials … Read more
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
© Reuters. Shares of Broadcom (NASDAQ:) and VMware (NYSE:NYSE:) experienced a decline on Tuesday amid growing speculation that their proposed $61 billion merger could face obstacles from Chinese regulators. This news follows the U.S’s stricter technology export restrictions on computer chips processing artificial intelligence software, which also contributed to a drop in Nvidia’s (NASDAQ:) stock. … Read more
Cloud software stock Broadcom (NASDAQ:AVGO) has been in pursuit of VMware (NYSE:VMW) for quite some time now. For a while, it looked like the end of the road was near, as the various competition authorities went over this deal with a fine-toothed comb, as they have with so many others of late. But just when … Read more
In a regulatory tussle that started last year, Broadcom (NASDAQ:AVGO) now expects its planned acquisition of VMware (NYSE:VMW) to receive conditional approval from Chinese regulators. Both Broadcom and VMware are trading higher in Thursday’s session. Talks about the acquisition deal, valued at $60 billion, started in May of last year. Since then, Broadcom has sought … Read more