It’s the merger some of us have been waiting for for months. The merger between chip stock Broadcom (NASDAQ:AVGO) and VMWare (NASDAQ:VMW) has finally received Chinese approval, and can go through. It’s proven very little in the way of good for either company, though, as Broadcom slumped nearly 1.5% in Tuesday morning’s trading session, and … Read more
Shares in Broadcom and VMware were rising despite an apparent delay to the closing of their merger agreement, which was set to complete on Monday. China could be a problem—but investors don’t seem too worried. Source link
© Reuters. Broadcom’s (NASDAQ:) forthcoming $69 billion acquisition of VMware (NYSE:NYSE:) is gaining momentum, with the majority of global clearances and necessary foreign investment consents in place. The deal is expected to conclude ahead of the expiration of their merger agreement. Despite the potential delay from China’s regulatory approval, which introduces an element of uncertainty, … Read more
VMware Inc’s stock price fell 10% on Thursday following a Financial Times article stating that the Chinese State Administration of Market Regulation is… Source link
Beijing antitrust regulators spent so long evaluating a $5.4 billion acquisition by Intel Corporation that the U.S. chipmaker eventually gave up. Now, the country may try to use the same strategy against another U.S. semiconductor firm and torpedo a deal almost 12 times as large. Chinese regulators are exploring whether to delay approval for U.S. … Read more
China may yet throw a spanner in the works of Broadcom’s imminent takeover of virtualization supremo VMware as payback for the latest in line of export restrictions imposed on it by Washington. Semiconductor giant Broadcom is all set to close its $69 billion buy of VMware on October 30 after passing some regulatory hurdles, including … 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
The Investor Relations website contains information about Broadcom Inc. ‘s business for stockholders, potential investors, and financial analysts. Source link
SAN JOSE, Calif. & PALO ALTO, Calif.–(BUSINESS WIRE)–Oct 18, 2023– Broadcom Inc. (NASDAQ: AVGO) and VMware, Inc. (NYSE: VMW) today announced that the deadline for VMware stockholders of record to elect the form of merger consideration they wish to receive in connection with Broadcom’s acquisition of VMware (the “Transaction”) is 5:00 p.m. Eastern Time on… … Read more
SAN JOSE, Calif. and PALO ALTO, Calif., Oct. 18, 2023 /PRNewswire/ — Broadcom Inc. (NASDAQ: AVGO) and VMware, Inc. (NYSE: VMW) today announced that the deadline for VMware stockholders of record to elect the form of merger consideration they wish to receive in connection with Broadcom’s acquisition of VMware (the “Transaction”) is 5:00 p.m. Eastern Time … Read more