Live On CNBC, Discussions Of Broadcom's Possible VMware Deal Developments, "China's State Administration For Market Regulation Is Expected To Be Granted Conditional Antitrust Approval Soon, According To Trade Publication Dealreporter" - CNBC
Portfolio Pulse from Benzinga Newsdesk
Broadcom's (AVGO) acquisition of VMware (VMW) is expected to receive conditional antitrust approval from China's State Administration for Market Regulation. The $60 billion deal is likely to boost Broadcom's shares significantly, according to CNBC's Jim Cramer. Both Broadcom and VMware saw their shares rise by 3% and 4% respectively on the news.
October 12, 2023 | 5:04 pm
News sentiment analysis
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POSITIVE IMPACT
Broadcom's acquisition of VMware is expected to significantly boost its shares.
The acquisition of VMware is a significant move for Broadcom, and the expected approval from China's antitrust authority is likely to boost investor confidence, leading to a rise in Broadcom's share price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
VMware's shares rose by 4% on reports of the likely approval of its acquisition by Broadcom.
The expected approval of the acquisition by Broadcom is positive news for VMware, leading to a rise in its share price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100