European Commission Approves Broadcom's Acquisition Of VMware; Deal Expected To Close In FY23
Portfolio Pulse from Benzinga Newsdesk
The European Commission has given conditional approval to Broadcom for its acquisition of VMware. The deal is expected to close in FY23. Broadcom has also received legal merger clearance in Australia, Brazil, Canada, South Africa, and Taiwan, and foreign investment control clearance in all necessary jurisdictions.
July 12, 2023 | 10:07 am
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POSITIVE IMPACT
Broadcom's acquisition of VMware has received conditional approval from the European Commission, which is a positive development for the company.
The approval from the European Commission is a significant step towards the completion of the acquisition. This could potentially boost Broadcom's market position and financial performance in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
VMware is set to be acquired by Broadcom, with the deal receiving conditional approval from the European Commission.
The approval from the European Commission brings the acquisition closer to completion. This could potentially lead to changes in VMware's operations and financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100