Sundry Photography/iStock Editorial via Getty Images VMWare (NYSE:VMW) dropped 11% in premarket trading amid a report about China’s review of the firm’s more than $60 billion sale to Broadcom (NASDAQ:AVGO). Broadcome fell 1.6%. The timing of the China antitrust regulator’s deal approval appears to now depend on the macro environment, according to traders, who cited … Read more
VMware (VMW) on Thursday jumped roughly 4% on reports that Broadcom’s (AVGO) acquisition of the cloud and virtual machine company is likely to be approved by China shortly. China’s State Administration for Market Regulation is expected to be granted conditional antitrust approval soon, according to trade publication Dealreporter. If you like this story, sign up … Read more
VMware (VMW) on Thursday jumped roughly 4% on reports that Broadcom’s (AVGO) acquisition of the cloud and virtual machine company is likely to be approved by China shortly. China’s State Administration for Market Regulation is expected to be granted conditional antitrust approval soon, according to trade publication Dealreporter. If you like this story, sign up … Read more
VMware (VMW) on Thursday jumped roughly 4% on reports that Broadcom’s (AVGO) acquisition of the cloud and virtual machine company is likely to be approved by China shortly. China’s State Administration for Market Regulation is expected to be granted conditional antitrust approval soon, according to trade publication Dealreporter. If you like this story, sign up … Read more
Software News Mark Haranas October 11, 2023, 10:14 AM EDT Nutanix CEO and former VMware top executive Rajiv Ramaswami explains why VMware partners and customers should be concerned about the future of VMware after Broadcom completes its planned acquisition of the virtualization tech developer, likely later this month. … Source link
Interesting news out of the ongoing fracas surrounding the Broadcom (NASDAQ:AVGO) and VMware (NYSE:VMW) deal: the deal spread is getting tighter as China’s review looks to produce a lot less meddling and a lot more deal-making. The latest reports suggest that the State Administration for Market Regulation in China isn’t likely to request any more … Read more
Sundry Photography/iStock Editorial via Getty Images The deal spread in Broadcom’s (NASDAQ:AVGO) planned $61 billion purchase of VMware (NYSE:NYSE:VMW) narrowed amid a report about China’s review of the combination. The spread narrowed to $8.62 from $9.56 on Monday. China’s State Administration for Market Regulation is likely to approve the deal without major changes, according to … Read more
Sundry Photography/iStock Editorial via Getty Images China’s antitrust authority has paused its review of Broadcom’s (NASDAQ:AVGO) planned $61 billion purchase of VMware (NYSE:VMW) as the regulator has advanced remedy talks with the parties on the transaction. China’s State Administration for Market Regulation is likely to impose behavioral remedies on the deal, according to a Dealreporter … Read more
We raise our fair value estimate for VMware VMW to $180 per share from $161 and maintain our narrow moat, High Uncertainty, and standard capital allocation ratings. Our fair value estimate increase is purely due to raising our probability of the pending acquisition by Broadcom AVGO closing and VMware’s valuation under the half stock/half cash … Read more
There’s big news afoot for chip stock Broadcom (NASDAQ:AVGO) as it moves to purchase cloud computing stock VMWare (NYSE:VMW). More specifically, word has emerged about China’s stance on the deal, and it was enough to send VMWare stock heading upward, while Broadcom stock pulled back fractionally in Wednesday afternoon’s trading. China’s stance focused mainly on … Read more