Shares of Broadcom and VMware are trading higher on reports suggesting EU Antitrust Regulators are set to approve Broadcom's acquisition of VMware.
Portfolio Pulse from Benzinga Newsdesk
Broadcom and VMware shares are trading higher as EU Antitrust Regulators are reportedly set to approve Broadcom's acquisition of VMware.
June 12, 2023 | 3:51 pm
News sentiment analysis
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POSITIVE IMPACT
Broadcom's shares are trading higher due to the expected approval of its acquisition of VMware by EU Antitrust Regulators.
The news of the expected approval of Broadcom's acquisition of VMware by EU Antitrust Regulators is positive for Broadcom, as it will allow the company to expand its business and potentially increase its revenues. This is likely to have a positive impact on Broadcom's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
VMware shares are trading higher following reports that EU Antitrust Regulators are set to approve Broadcom's acquisition of the company.
The news of the expected approval of Broadcom's acquisition of VMware by EU Antitrust Regulators is positive for VMware, as it indicates a successful completion of the acquisition process. This is likely to have a positive impact on VMware's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100