Sundry Photography/iStock Editorial via Getty Images The deal spread in Broadcom’s (NASDAQ:AVGO) planned $61 billion purchase of VMware (NYSE:VMW) narrowed amid a report about China’s antitrust review of the deal. The spread narrowed to $15.51 from $17.23 on Tuesday. The parties are expected to start remedy discussions with China’s State Administration for Market Regulation, according … Read more
VMware’s management used couched words like “solid” and “pleased” to describe its second fiscal quarter operating results. Source link
VMware Inc VMW reported a Q2 FY24 revenue increase of 2% Y/Y to $3.41 billion, missing the consensus of $3.46 billion. Subscription and SaaS revenue increased 34% Y/Y to $1.26 billion. Subscription and SaaS ARR were up 36% Y/Y to $5.31 billion. Non-GAAP operating income rose 1% Y/Y to $977 million. Non-GAAP EPS of $1.83 beat the consensus … Read more
For more than a year, a planned merger deal has been a big factor driving price action for shares in VMware (NYSE:VMW). As you may recall, back in May 2022, Broadcom (NASDAQ:AVGO) announced plans to acquire all outstanding shares of VMW stock. Required regulatory reviews have delayed the merger, as the transaction could give Broadcom … Read more
Sundry Photography/iStock Editorial via Getty Images VMware (NYSE:VMW) was downgraded by investment firm Monness, Crespi, Hardt on Monday as the deal to be acquired by Broadcom (NASDAQ:AVGO) looks to be in the “home stretch.” Analyst Brian White moved his rating on VMware (VMW) shares to neutral from buy, noting that the deal received final approval … Read more
UK’s competition regulator said on Monday it has cleared U.S. tech company Broadcom’s $69 billion purchase of VMware , following an in-depth phase-2 probe. Source link
The UK’s Competition and Markets Authority (CMA) on Monday approved US-based hardware company Broadcom’s $61 billion purchase of desktop virtualization software provider VMware following an in-depth investigation. London, Aug 21 (IANS) The UK’s Competition and Markets Authority (CMA) on Monday approved US-based hardware company Broadcom’s $61 billion purchase of desktop virtualization software provider VMware following … Read more
By Will Feuer Shares of VMware rose after British regulators cleared Broadcom’s roughly $61 billion takeover of the multi-cloud services provider. VMware stock climbed almost 6% to $163.71 in premarket trading. Shares were already up more than 27% over the past 12 months through Friday’s close. Broadcom agreed more than a year ago to pay … Read more
The UK’s competition watchdog has cleared the largest deal in its history as it said that the tie-up of US companies Broadcom and VMware would not damage UK competition. The 69 billion dollar (£54 billion) deal – the largest the Competition and Markets Authority (CMA) has ever investigated – raises “no competition concerns”, the regulator … Read more
By Will Feuer Shares of VMware rose after British regulators cleared Broadcom’s roughly $61 billion takeover of the multi-cloud services provider. VMware stock climbed almost 6% to $163.71 in premarket trading. Shares were already up more than 27% over the past 12 months through Friday’s close. Broadcom agreed more than a year ago to pay … Read more