Business & FinanceDealsTechnology
27 February 2023, 4:53 pm. 1 minute
Reuters exclusively reported that U.S. chipmaker Broadcom (AVGO.O) is set to receive an EU antitrust warning about the possible anti-competitive effects of its proposed $61 billion bid for cloud computing company VMware (VMW.N) in the coming weeks. The European Commission opened an investigation in December, saying the deal – which was announced last year as the second largest of its kind globally – would allow Broadcom to restrict competition in the market for certain hardware components that interoperate with VMware’s software. Broadcom shares have since pared gains.
Broadcom shares pared gains after the release of Reuters reporting.
Topics of Interest: Business & FinanceDealsTechnology
Type: Reuters Best
Sectors: Business & FinanceTechnology
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story