Broadcom planning to complete deal for $69 billion acquisition of VMWare after regulators give OK

Broadcom planning to complete deal for  billion acquisition of VMWare after regulators give OK

SAN JOSE, California (AP) — Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The company, based in San Jose, California, announced the plan after China joined the list of countries… Source link

Broadcom plans to close $69 billion VMWare deal on Wednesday

Broadcom plans to close  billion VMWare deal on Wednesday

[1/2]3D printed clouds and figurines are seen in front of the VMware cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights Nov 21 (Reuters) – Broadcom (AVGO.O) said it plans to close its $69 billion deal for cloud computing firm VMWare (VMW.N) on Wednesday. Broadcom added that it has … Read more

Broadcom’s VMware deal may be in doubt, but its soaring stock will be just fine

Broadcom’s VMware deal may be in doubt, but its soaring stock will be just fine

As Broadcom Inc. and VMware Inc. get closer to their new merger deadline of Nov. 26, some investors are nervous that the deal will not get done, with a $1.5 billion termination fee hanging over the chip maker. China is reportedly the cause for the current hold-up for the deal, which was supposed to close … Read more

Broadcom CEO met with Chinese officials over weekend amid VMware deal – report

Broadcom CEO met with Chinese officials over weekend amid VMware deal – report

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

Geopolitics Hold Up Broadcom-VMware Deal – Channelnomics

Geopolitics Hold Up Broadcom-VMware Deal – Channelnomics

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 and VMWare Say $61 Billion Deal Will Close ‘Soon’

Broadcom and VMWare Say  Billion Deal Will Close ‘Soon’

 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