Broadcom shares are trading higher following a report suggesting that China's State Administration for Market Regulation is expected to grant the company conditional antitrust approval for its acquisition of VMware.
Portfolio Pulse from Benzinga Newsdesk
Broadcom's shares are trading higher following a report that China's State Administration for Market Regulation is expected to grant the company conditional antitrust approval for its acquisition of VMware.

October 12, 2023 | 5:23 pm
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Broadcom's stock is trading higher due to expected antitrust approval from China's State Administration for Market Regulation for its acquisition of VMware.
The news of expected antitrust approval from China's State Administration for Market Regulation for Broadcom's acquisition of VMware has a direct impact on Broadcom's stock. This approval is a significant step towards the completion of the acquisition, which is likely to strengthen Broadcom's market position and potentially increase its revenues. Therefore, this news is highly relevant and important for Broadcom's investors, and it is likely to have a positive impact on Broadcom's stock in the short term.
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