VMware shares are trading lower. Media reports have attributed weakness to speculation of uncertainty regarding Chinese approval for the company's proposed deal with Broadcom.
Portfolio Pulse from Benzinga Newsdesk
VMware shares are trading lower due to speculation of uncertainty regarding Chinese approval for the company's proposed deal with Broadcom.
October 17, 2023 | 6:46 pm
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VMware's stock price is negatively impacted by the uncertainty surrounding the Chinese approval for its deal with Broadcom.
The uncertainty surrounding the Chinese approval for VMware's deal with Broadcom has led to a decrease in VMware's stock price. This is because the deal could potentially increase VMware's market share and profitability, and any hurdles in its approval could negatively impact the company's future growth prospects.
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IMPORTANCE 80
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