Monday, August 21, 2023

Broadcom gains UK clearance for VMware acquisition

Broadcom received final transaction approval from the United Kingdom's Competition and Markets Authority. 

Broadcom has already received legal merger clearance in the European Union, as well as in Australia, Brazil, Canada, Israel, South Africa, and Taiwan, and foreign investment control clearance in all necessary jurisdictions. 

In the U.S., the Hart-Scott-Rodino pre-merger waiting periods have expired, and there is no legal impediment to closing under U.S. merger regulations.

The company says it is in the advanced stages of the process toward obtaining the remaining required regulatory approvals, which Broadcom believes will be received before October 30, 2023. 

Accordingly, together with VMware, Broadcom has agreed to further extend the Outside Date as contemplated in the transaction agreement.