Broadcom Gets $28.4B Loan For Acquisition Of VMware
Portfolio Pulse from Nabaparna Bhattacharya
Broadcom Inc. has secured up to $28.39 billion in new debt commitments for its proposed $61 billion acquisition of VMware, Inc. The deal is currently under scrutiny by multiple regulatory watchdogs. The loans may be increased by up to $2 billion fifteen business days after the Funding Date. The U.K.'s antitrust regulator gave the merger deal interim clearance in July, while approval from the U.S. Federal Trade Commission is still pending.
August 18, 2023 | 3:37 pm
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NEUTRAL IMPACT
Broadcom has secured a significant loan for its proposed acquisition of VMware. However, the deal is under regulatory scrutiny, which could impact the company's stock.
The acquisition of VMware could significantly expand Broadcom's software division. However, the regulatory scrutiny and the large amount of debt could negatively impact the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Broadcom's proposed acquisition of VMware is under regulatory scrutiny. The outcome of this could significantly impact VMware's stock.
The proposed acquisition by Broadcom could significantly change the future of VMware. However, the deal is under regulatory scrutiny, which could impact the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100