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Broadcom’s acquisition of VMware gains conditional approval from Korean FTC By Investing.com

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Broadcom’s acquisition of VMware gains conditional approval from Korean FTC By Investing.com

© Reuters. Broadcom (NASDAQ:) Inc.’s multi-billion-dollar acquisition of VMware (NYSE:) Inc. has received conditional approval from the Korea Fair Trade Commission (FTC) due to concerns over potential disruption to fair competition. The deal, worth $61 billion, saw the FTC emphasizing VMware’s dominance in the server virtualization software ecosystem and its control over interoperability certifications for … Read more

Broadcom’s acquisition of VMware gains conditional approval from Korean FTC By Investing.com

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Broadcom’s acquisition of VMware gains conditional approval from Korean FTC By Investing.com

© Reuters. Broadcom (NASDAQ:) Inc.’s multi-billion-dollar acquisition of VMware (NYSE:) Inc. has received conditional approval from the Korea Fair Trade Commission (FTC) due to concerns over potential disruption to fair competition. The deal, worth $61 billion, saw the FTC emphasizing VMware’s dominance in the server virtualization software ecosystem and its control over interoperability certifications for … Read more

Broadcom-VMware merger faces potential Chinese regulatory hurdles By Investing.com

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Broadcom-VMware merger faces potential Chinese regulatory hurdles By Investing.com

© Reuters. Shares of Broadcom (NASDAQ:) and VMware (NYSE:NYSE:) experienced a decline on Tuesday amid growing speculation that their proposed $61 billion merger could face obstacles from Chinese regulators. This news follows the U.S’s stricter technology export restrictions on computer chips processing artificial intelligence software, which also contributed to a drop in Nvidia’s (NASDAQ:) stock. … Read more

Broadcom-Vmware Deal Under Threat Amid US-China Trade Tensions By Investing.com

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Broadcom-Vmware Deal Under Threat Amid US-China Trade Tensions By Investing.com

© 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

VMware falls 11% on speculation China may hold up Broadcom deal By Investing.com

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VMware falls 11% on speculation China may hold up Broadcom deal By Investing.com

© 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

VMware falls 11% on speculation China may hold up Broadcom deal By Investing.com

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VMware falls 11% on speculation China may hold up Broadcom deal By Investing.com

© 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

Broadcom-VMware merger presents valuable equity option for investors By Investing.com

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Broadcom-VMware merger presents valuable equity option for investors By Investing.com

© Reuters. In the upcoming $75 billion merger between Broadcom (NASDAQ:) and VMware (NYSE:), set to close on October 30, an equity option has emerged as a potentially lucrative opportunity for VMware investors. The merger is part of a wider trend in the technology sector, with major companies seeking to consolidate their positions through strategic … Read more

Broadcom’s performance defies semiconductor industry slump, eyes VMware acquisition By Investing.com

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Broadcom’s performance defies semiconductor industry slump, eyes VMware acquisition By Investing.com

Despite a slowing growth rate, chip giant Broadcom (NASDAQ:) has managed to outperform most of its peers in the semiconductor industry. The company reported a 5% year-over-year increase in revenue to $8.88 billion for the fiscal third quarter of 2023, ending in July. This is, however, a deceleration from the 8% growth witnessed in the … Read more

4 big analyst cuts: VMware trimmed as Broadcom buyout enters home stretch By Investing.com

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4 big analyst cuts: VMware trimmed as Broadcom buyout enters home stretch By Investing.com

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at VMware, Celanese, Upwork, and Farfetch. InvestingPro subscribers got this news first. Never miss another market-moving headline. VMware cut to Neutral as Broadcom takeout wraps up Monness, Crespi, Hardt downgraded VMware (NYSE:) to Neutral from Buy ahead of … Read more

4 big analyst cuts: VMware trimmed as Broadcom buyout enters home stretch By Investing.com

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4 big analyst cuts: VMware trimmed as Broadcom buyout enters home stretch By Investing.com

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at VMware, Celanese, Upwork, and Farfetch. InvestingPro subscribers got this news first. Never miss another market-moving headline. VMware cut to Neutral as Broadcom takeout wraps up Monness, Crespi, Hardt downgraded VMware (NYSE:) to Neutral from Buy ahead of … Read more