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UK clears Broadcom’s $69 billion deal to buy VMware

UK’s competition regulator said on Monday it has cleared U.S. tech company Broadcom (NASDAQ:AVGO)’s $69 billion purchase of VMware, following…

By financial2020myday , in Stock Markets , at August 21, 2023

UK’s competition regulator said on Monday it has cleared U.S. tech company Broadcom (NASDAQ:AVGO)’s $69 billion purchase of VMware, following an in-depth phase-2 probe.

The Competition and Markets Authority (CMA) in July provisionally cleared the deal, saying it would not weaken competition in the supply of critical computer server products.

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