VMware’s stock plunges 10% on report that Chinese regulators could block Broadcom deal

VMware’s stock plunges 10% on report that Chinese regulators could block Broadcom deal

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