EU Grants Conditional Approval for Broadcom's $61 Billion VMware Deal
TL;DR Summary
Broadcom has received conditional approval from the European Union (EU) for its $61 billion acquisition of cloud computing firm VMware. In order to address competition concerns, Broadcom has offered remedies to rival Marvell Technology, including interoperability commitments and guaranteed access to source code. The deal will allow Broadcom to diversify into enterprise software. The US Federal Trade Commission and the UK competition agency are also reviewing the acquisition.
- Broadcom's $61 bln VMware deal wins conditional EU antitrust OK Reuters
- Broadcom Megabond Inches Closer After Firm Seals EU Merger Nod Yahoo Finance
- Broadcom, VMware Deal Set for EU Green Light Bloomberg
- EU to green light Broadcom's VMware deal on Wednesday, source says Reuters
- EU set to clear Broadcom's $69bn acquisition of VMware Financial Times
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
1 min
vs 2 min read
Condensed
73%
249 → 68 words
Want the full story? Read the original article
Read on Reuters