Interesting news out of the ongoing fracas surrounding the Broadcom (NASDAQ:AVGO) and VMware (NYSE:VMW) deal: the deal spread is getting tighter as China’s review looks to produce a lot less meddling and a lot more deal-making. The latest reports suggest that the State Administration for Market Regulation in China isn’t likely to request any more … Read more
For the last several weeks now, Broadcom (NASDAQ:AVGO) has been working to buy VMware (NYSE:VMW), in a deal valued at $61 billion. The move has not been met kindly by government regulators, and was under close scrutiny. However, Broadcom is up slightly in Wednesday afternoon’s trading after China’s antitrust operations halted their review pending some … Read more
There’s big news afoot for chip stock Broadcom (NASDAQ:AVGO) as it moves to purchase cloud computing stock VMWare (NYSE:VMW). More specifically, word has emerged about China’s stance on the deal, and it was enough to send VMWare stock heading upward, while Broadcom stock pulled back fractionally in Wednesday afternoon’s trading. China’s stance focused mainly on … 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