© Reuters. Broadcom (NASDAQ:) CEO Hock Tan has shed light on the company’s post-acquisition strategy for VMware (NYSE:) at the VMware Explore conference in Barcelona. The acquisition, valued at $61 billion, is still pending due to a lack of regulatory approval from China. The delay could be a retaliation against U.S.’s stringent export controls on … Read more
© 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
VMware, Inc. is a provider of multi-cloud services for all apps that enables digital with enterprise control. Its multi-cloud portfolio, spanning application modernization, cloud management, cloud infrastructure, networking, security and anywhere workspaces, forms a digital foundation on which customers can build, run, manage, connect and protect their workloads. The Company’s products within its application modernization … Read more
Broadcom Inc. specializes in designing, developing, and selling analog components and sub-systems, with mixed and optoelectronic signals. The group’s products include power amplifiers, radio-frequency filters, encoders, optocouplers, fiber-optic transmitters and receivers, etc. Net sales break down by market between semiconductors (77.8%) and infrastructures (22.2%). Net sales are distributed geographically as follows: Americas (20.9%), Asia/Pacific (67.8%), … Read more
Cloud computing and virtualization technology company Broadcom (NASDAQ: AVGO) provided a regulatory update on Monday regarding its $61 billion acquisition of VMware (NYSE: VMW), which is expected to close on October 30 this year. The company stated that its proposed acquisition of VMW has received regulatory approval from the UK’s Competition and Markets Authority (CMA). The acquisition … Read more
Credit: Shutterstock The UK’s Competition and Markets Authority Monday approved the proposed $61 billion megamerger between Broadcom and VMware, saying that the deal would not substantially affect innovation or harm… Source link
Cloud computing has become a popular mechanism for delivering IT services over the internet, allowing organizations to access applications, storage, and other resources as needed. While cloud computing is known for its flexibility and cost savings, it also introduces new security challenges that organizations must address to ensure compliance with regulatory requirements. One of the … Read more