Broadcom Gets EU Antitrust Approval on VMware Acquisition Deal

Broadcom Gets EU Antitrust Approval on VMware Acquisition Deal

ByNews Polite

US chipmaker Broadcom secured EU antitrust approval on Wednesday for its $61 billion (nearly Rs. 5,00,300 crore) proposed acquisition of cloud computing firm VMware after offering remedies to help rival Marvell Technology. The deal, Broadcom’s largest ever, will help the chipmaker diversify into enterprise software. Broadcom offered Marvell and other…

Broadcom Said to Gain Conditional EU Antitrust Approval for VMware Deal

Broadcom Said to Gain Conditional EU Antitrust Approval for VMware Deal

ByNews Polite

US chipmaker Broadcom is set to gain conditional EU antitrust approval for its $61 billion (nearly Rs. 5,03,000 crore) proposed acquisition of cloud computing firm VMware, people familiar with the matter said, sending its shares up by almost 5 percent. The European Commission’s clearance is tied to remedies relating to…

Broadcom CEO Seeks to Convince EU Antitrust Enforcers on $61 Billion VMware Deal

Broadcom CEO Seeks to Convince EU Antitrust Enforcers on $61 Billion VMware Deal

ByNews Polite

US chipmaker Broadcom‘s Chief Executive Hock Tan on Friday will try to convince EU antitrust enforcers that his proposed $61 billion (nearly Rs. 4,98,300 crore) bid for cloud computing firm VMware, which has triggered scrutiny on both sides of the Atlantic, is pro-competitive. Tan, flanked by his executives and lawyers,…

Broadcom Says Will Buy VMware in $61 Billion Deal to Diversify Into Enterprise Software

Broadcom Says Will Buy VMware in $61 Billion Deal to Diversify Into Enterprise Software

ByNews Polite

Broadcom said on Thursday it will buy cloud service provider VMware in a $61 billion (roughly Rs. 4,73,223 crore) cash-and-stock deal to further diversify the chipmaker’s business into enterprise software. Broadcom’s shares were up 1.6 percent, while those of VMWare were down nearly one percent in premarket trading. The acquisition…