Broadcom’s $69B VMware deal cleared by Competition and Markets Authority

Share post:

Britain’s Competition and Markets Authority (CMA) has provisionally cleared U.S. tech company Broadcom’s $69 billion purchase of VMware.

The CMA said the deal would not weaken competition in the supply of critical computer server products and that it explored concerns that the deal could harm the ability of Broadcom’s rivals to compete if the merged company were to make their products work less well with VMware’s server virtualization software.

The proposed deal has highlighted chipmaker Broadcom’s aim to diversify into enterprise software, but comes as regulators worldwide ramp up scrutiny of deals by Big Tech. However, the CMA said it found that the deal would be unlikely to harm innovation.

The $69 billion deal, consisting of $61 billion in equity and the rest in debt, is also being examined by U.S. Federal Trade Commission. The CMA’s provisional approval is a major step forward for the deal, but it is not yet final. The CMA will now consult on its provisional approval before issuing a final report by Sept. 12.

The sources for this piece include an article in Reuters.

Featured Tech Jobs


Related articles

Spencer addresses Xbox leak

Microsoft's Xbox chief Phil Spencer has reassured fans that their plans for the future are still in place,...

Microsoft’s Xbox secrets leaked

A massive leak of confidential Xbox documents has shed light on Microsoft's intricate plans for its gaming console....

Salesforce announces 3,300 hires

Salesforce has announced hiring 3,300 people across various departments. The new hires will be split roughly equally among...

Amazon Prime Day to return in October

Amazon has announced that its second Prime Day sale of the year, Prime Big Deal Days, will take...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways