A $61 billion Broadcom VMware buyout is on track to close in late October. That’s according to the chipmaker, after the deal was given final clearance by the UK’s Competition watchdog today (August 21) – despite its earlier forceful criticism of the planned buyout, made in March 2023. Hold on to your horses, folks. As … Read more
U.K. regulators gave the green light for Broadcom’s (AVGO) $69 billion purchase of VMware (VMW) on Monday, sending shares of both companies higher in early trading. Key Takeaways The U.K.’s Competition and Markets Authority (CMA) on Monday cleared Broadcom’s $69 billion acquisition of VMware. The deal, first announced in May of last year and initially … Read more
Broadcom’s multi-billion dollar takeover of VMware has cleared another hurdle, having been given the nod by the UK Competition and Markets Authority (CMA) following an in-depth investigation. The clearance follows approval in the EU, as well as Australia, Brazil, Canada, Israel, South Africa, and Taiwan. The company also stated it had foreign investment control clearance … Read more
RESEARCH TRIANGLE PARK – VMware, which has a significant presence in the Triangle, is the latest tech player to partner with IBM as part of a move to give customers more choice when it comes to cloud computing. IBM also recently disclosed an expanded relationship with Microsoft focusing on artificial intelligence. So what’s going on? … Read more
The UK Competition and Markets Authority (CMA) gave its final green light to a proposed $69 billion purchase of VMware by Broadcom, adding to the list of regulators giving their blessings. Explaining its decision, the CMA reiterated its earlier view there were no competition concerns resulting from the transaction, having conducted a two-stage probe on … Read more
In today’s industry news roundup: Pressure mounts on Germany’s telcos to ditch Huawei and ZTE; SK Telecom takes a stake in artificial intelligence contact centre (AICC) developer Persona AI; the UK’s Competition and Markets Authority (CMA) gives its final blessing to the union of Broadcom and VMware; and much more! Deutsche Telekom (DT) and its … Read more
After all the drama, the UK’s competition regulator has given chipmaker Broadcom its unconditional blessing to acquire VMware. However, the merger can still not be considered done and dusted as it faces a potential roadblock from China. The Competition and Markets Authority (CMA) announced on Monday that it has cleared Broadcom’s proposed $69 billion purchase … Read more
Microsoft has unveiled an ambitious new chapter in its partnership with none other than VMware. The company announced today a new solution that blends the Source link
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(Reuters) – UK’s competition regulator said on Monday it has cleared U.S. tech company Broadcom’s $69 billion purchase of VMware, following an in-depth phase-2 probe. The Competition and Markets Authority (CMA) in July provisionally cleared the deal, saying it would not weaken competition in the supply of critical computer server products. (Reporting by Aby Jose … Read more