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VMware (NYSE:VMW) Plunges on Latest News from Chinese Regulators – TipRanks.com

VMware (NYSE:VMW) Plunges on Latest News from Chinese Regulators – TipRanks.com


Cloud software stock Broadcom (NASDAQ:AVGO) has been in pursuit of VMware (NYSE:VMW) for quite some time now. For a while, it looked like the end of the road was near, as the various competition authorities went over this deal with a fine-toothed comb, as they have with so many others of late. But just when things were looking brightest, the Chinese regulators stepped in and all but ruined the deal. VMware plunged over 7% in Tuesday morning’s trading as a result.

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