Wednesday, July 12, 2023

Broadcom gains European Commission clearance for VMware deal

Broadcom received conditional approval from the European Commission to complete its acquisition of VMware.

The $61 billion deal was first announced on May 26, 2022.

To ensure competition and innovation in cloud computingBroadcom said it provided the European Commission with a technology access remedy that preserves interoperability, a core principle that would not have changed as a result of this transaction.

Broadcom has already received regulatory clearance from Australia, Brazil, Canada, South Africa, and Taiwan.

https://investors.broadcom.com/news-releases/news-release-details/european-commission-approves-broadcoms-acquisition-vmware