Silicon Republic November 22, 2023
This comes months after Broadcom received regulatory approval to acquire VMware from UK and EU authorities that were concerned about competition.
Broadcom has finally closed its more than $60bn deal to buy VMware, the US cloud computing giant, after getting regulatory approval from China.
China was the last major country to approve the deal, which became one of the world’s most expensive acquisitions when it was first announced in May last year.
According to a statement released by the two companies yesterday (21 November), Broadcom has received legal merger clearance in a host of markets, including Australia, Brazil, Canada, Israel, Japan, South Africa, South Korea and Taiwan.
“There is no legal impediment to closing [the acquisition] under US merger regulations,”...
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