Site icon VMVirtualMachine.com

VMware Shares Rise After CMA Greenlights Broadcom Deal

VMware Shares Rise After CMA Greenlights Broadcom Deal


By Will Feuer

Shares of VMware rose after British regulators cleared Broadcom’s roughly $61 billion takeover of the multi-cloud services provider.

VMware stock climbed almost 6% to $163.71 in premarket trading. Shares were already up more than 27% over the past 12 months through Friday’s close.

Broadcom agreed more than a year ago to pay both stock and cash for VMware.

Earlier Monday, the U.K.’s Competition and Markets Authority said the deal wouldn’t substantially…



Source link

Exit mobile version