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
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
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
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
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
A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Oct 19 (Reuters) – Beijing is weighing holding up US chipmaker Broadcom Inc’s (AVGO.O) $69 billion purchase of cloud computing company VMware Inc (VMW.N), the Financial Times reported on … Read more
Sundry Photography/iStock Editorial via Getty Images Broadcom (NASDAQ:AVGO) and VMware (NYSE:VMW) set Oct. 23 as the deadline for VMware holders to elect the form of merger consideration they will take. VMW rose 1.1% in premarket trading. The companies reiterated that they expect to close the transaction by Oct. 30, subject to the receipt of regulatory … Read more
© Reuters. Shares of VMware (NYSE:) fell 7% to $166.34 on Tuesday, amid rising U.S.-China trade tensions and fears that China may retaliate against the U.S.’s tightened semiconductor sales restrictions by blocking Broadcom (NASDAQ:)’s impending $61 billion acquisition of VMware. The U.S.-China trade tensions have cast a shadow over the semiconductor industry, affecting stocks including … Read more
© Reuters. VMware falls 11% on speculation China may hold up Broadcom deal VMware (NYSE:) shares plunged 11.6% in early Tuesday trade amid speculation about the outcome of China’s review of the company’s blockbuster sale to Broadcom (NASDAQ:). AVGO shares declined more than 3%. While there don’t appear to be issues with the proposed remedy, … Read more
© Reuters. VMware (NYSE:) shares plunged 11.6% in early Tuesday trade amid speculation about the outcome of China’s review of the company’s blockbuster sale to Broadcom (NASDAQ:). AVGO shares declined more than 3%. While there don’t appear to be issues with the proposed remedy, the China regulator might require additional time to complete its review. … Read more