Broadcom Most Likely To Receive EU Approval For $61B VMware Merger: Report
Portfolio Pulse from Akanksha Bakshi
Broadcom is likely to receive conditional EU antitrust approval for its proposed $61 billion acquisition of VMware. The approval is linked to Broadcom's interoperability remedies to rivals, addressing competition concerns, with one remedy targeted at Marvell Technology.
June 12, 2023 | 10:47 am
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NEUTRAL IMPACT
Marvell Technology is targeted by one of the interoperability remedies in Broadcom's proposed acquisition of VMware, which is likely to receive conditional EU antitrust approval.
While Marvell Technology is targeted by one of the remedies in the proposed acquisition, it is unclear how this will directly impact the company's stock price in the short term. The overall effect on Marvell's stock price is neutral.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Broadcom is likely to receive conditional EU antitrust approval for its $61 billion acquisition of VMware, addressing competition concerns with interoperability remedies for rivals.
The EU antitrust approval is a significant step for Broadcom's acquisition of VMware. The remedies addressing competition concerns will likely have a positive impact on Broadcom's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
VMware is set to be acquired by Broadcom for $61 billion, with the deal likely to receive conditional EU antitrust approval.
The EU antitrust approval is a significant step for VMware's acquisition by Broadcom. The remedies addressing competition concerns will likely have a positive impact on VMware's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100