Broadcom set to win European antitrust approval for VMware purchase - file | Killexams.com Resources

Broadcom (NASDAQ:AVGO) is expected to win conditional European Union antitrust approval for its planned $61 billion acquisition of cloud computing enterprise VMware (NYSE:VMW).

CONSTELLATION brands, INC.

Approval of the deal is conditioned on Broadcom's interoperability cures to opponents that address the european commission's antitrust considerations, in response to a Reuters report on Monday, which referred to individuals common. 

one of the crucial cures issues Fibre Channel Host-Bus Adapters (FB HBAs) and is targeted at rival Marvell know-how (MRVL), in line with the report. 

Broadcom (AVGO) submitted treatments to the european fee on may additionally 16, and a market look at various of the treatments is underway, in accordance with stories from Dealreporter and CTFN. The EC has a July 17 closing date to make a call on the deal.

The Reuters report comes because the deal is also being probed by way of the U.S. Federal exchange fee as neatly as the UK's antitrust regulator. In late March, the united kingdom's competitors and Markets Authority moved its exam of VMware/Broadcom into a part 2, or an in-depth investigation.

Dealreporter on Friday talked about that Broadcom (AVGO) is ready to listen to lower back from the european antitrust regulators on the VMWare earlier than responding to the FTC 2nd request.

Now read: Marvell technology: do not buy The A.I. Fumes, Downgrade To promote


 



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