What's Going On With Vmware Stock Wednesday?
Portfolio Pulse from Anusuya Lahiri
Vmware, Inc's stock is trading lower after Broadcom Inc won conditional approval from the European Commission to complete its acquisition of VMware. The Commission recognizes the importance of this combination in enabling enterprises to accelerate growth in the multi-cloud ecosystem. Broadcom has also won legal merger clearance in Australia, Brazil, Canada, South Africa, and Taiwan for the $61 billion deal. On Tuesday, Microsoft Corp won a court permit to move forward with its $69 billion deal to buy Activision Blizzard, Inc.
July 12, 2023 | 11:55 am
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NEGATIVE IMPACT
Vmware's stock is trading lower after Broadcom's acquisition approval.
The news of Broadcom's acquisition approval by the European Commission has led to a decrease in Vmware's stock. This is likely due to market uncertainty surrounding the acquisition.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft won a court permit to move forward with its deal to buy Activision Blizzard.
Activision Blizzard's stock could see a positive impact as Microsoft has won a court permit to move forward with its deal to buy the company. This acquisition could potentially increase Activision Blizzard's market visibility and resources.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Broadcom won approval from the European Commission to acquire VMware.
Broadcom's stock is likely to see a positive impact as the company has won approval from the European Commission to acquire VMware. This approval could potentially increase Broadcom's market share and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft won a court permit to move forward with its deal to buy Activision Blizzard.
Microsoft's stock could see a positive impact as the company has won a court permit to move forward with its deal to buy Activision Blizzard. This acquisition could potentially increase Microsoft's market share in the gaming industry.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50