Broadcom’s VMware Takeover Is Approved by U.K. There Are 2 More Hurdles Left.

Broadcom’s planned takeover of VMware has been cleared by British regulators, leaving approvals in the U.S. and China as the last major obstacles to the deal, originally valued at $61 billion.

The last major Western regulator still to give its approval is the U.S.’s Federal Trade Commission. However, a bigger doubt could be a clearance from China. Chinese regulators have already scuttled one chipmaker’s deal this month by failing to approve Intel’s planned $5.4 billion acquisition of Tower Semiconductor before a key deadline.

While the failure of the Intel deal has raised alarms about China using its antitrust review process to flex its muscle, there is no reason to assume it will necessarily do the same in the Broadcom case. The deal is an expansion outside of the semiconductor industry and China has approved big mergers involving U.S. companies, such as Microsoft’s acquisition of Activision , in recent months.

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Broadcom’s VMware Takeover Is Approved by U.K. The U.S. and China Are the Last Hurdles.The U.K.’s Competition and Markets Authority said the deal wouldn't substantially reduce competition in the supply of server hardware components.
Source: MarketWatch - 🏆 3. / 97 Read more »

UK regulators clear the way for Broadcom’s VMware deal.The UK’s Competition and Markets Authority (CMA) has approved Broadcom’s $61 billion deal to acquire VMWare. Following an in-depth “Phase 2” review, the CMA found that Broadcom’s deal to buy VMWare “would not substantially reduce competition in the supply of server hardware components in the UK.” It’s one of the biggest tech acquisitions ever, behind Dell’s $67 billion EMC deal and Microsoft’s proposed acquisition of Activision Blizzard for $68.7 billion.
Source: verge - 🏆 94. / 67 Read more »