Broadcom planning to complete deal for $69 billion acquisition of VMWare after regulators give OK
1 year, 4 months ago

Broadcom planning to complete deal for $69 billion acquisition of VMWare after regulators give OK

Associated Press  

SAN JOSE, California — Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The acquisition was able to go ahead after China’s State Administration of Market Regulation said Broadcom’s commitments, submitted Monday, would reduce the impact of the merger. Broadcom wants to establish a stronger foothold in the cloud computing market, and VMware’s technology allows large corporations to blend public cloud access with internal company networks. In a statement, Broadcom said it had legal greenlights in Australia, Brazil, Canada, China, the European Union, Israel, Japan, South Africa, South Korea, Taiwan, the United Kingdom, and “foreign investment control clearance in all necessary jurisdictions.” “There is no legal impediment to closing under U.S. merger regulations,” it said.

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History of this topic

UK’s competition watchdog provisionally clears £53bn computer tech tie-up
1 year, 8 months ago

UK’s competition watchdog provisionally clears £53bn computer tech tie-up

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s competition watchdog has …

Broadcom’s $61 billion deal to buy VMware gets cleared by European Union regulators
1 year, 8 months ago

Broadcom’s $61 billion deal to buy VMware gets cleared by European Union regulators

Associated Press  

Computer chip and software maker Broadcom’s $61 billion proposed purchase of cloud technology company VMware got the green light Wednesday from European Union regulators who were satisfied by concessions to ease competition concerns. The European Commission, the EU’s executive arm and top antitrust enforcer, said Broadcom made comprehensive commitments to provide access and system connections to its only existing rival, …

EU probes Broadcom’s $61B VMware buy on competition concerns
2 years, 3 months ago

EU probes Broadcom’s $61B VMware buy on competition concerns

Associated Press  

LONDON — Computer chip and software maker Broadcom’s $61 billion deal to buy cloud technology company VMware is facing scrutiny from European Union regulators who voiced concern Tuesday over potential threats to competition. The in-depth investigation was opened due to Broadcom hardware that works together with VMware software, potentially locking out rival technology, the EU’s executive Commission said. Broadcom wants …

‘Broadcom intends to make VMware its flagship brand’
2 years, 8 months ago

‘Broadcom intends to make VMware its flagship brand’

Live Mint  

In May, US semiconductor giant Broadcom said it will acquire cloud and virtualization services provider VMware in a cash-and-stock deal worth $61 billion. The breadth of the customer base, portfolio, go-to-market, and the centrality of VMware in our customers’ operations is very different. Now that they’ve acquired VMware, they intend to make it the flagship brand of their company and …

Big tech deals keep coming: Broadcom buys VMware for $61B
2 years, 10 months ago

Big tech deals keep coming: Broadcom buys VMware for $61B

Associated Press  

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite an environment of rising inflation and economic uncertainty. Broadcom wants to establish a stronger foothold in the cloud computing market and VMware’s technology allows large corporations to blend public cloud access with internal …

Broadcom in talks to pay about $60 billion for VMware
2 years, 10 months ago

Broadcom in talks to pay about $60 billion for VMware

Live Mint  

Broadcom Inc. is in talks to pay around $60 billion for VMware Inc., people familiar with the matter said, in what would be one of the biggest takeover deals of the year. The VMware discussions, together with Elon Musk’s agreement late last month to buy Twitter Inc. for $44 billion, show that despite market volatility, major deals are still doable. …

Broadcom in advanced talks to buy VMware
2 years, 10 months ago

Broadcom in advanced talks to buy VMware

Live Mint  

Broadcom Inc. is in advanced talks to buy VMware Inc., according to people familiar with the matter, setting the stage for what would be one of the year’s biggest deals. The deal discussions, which picked up pace in recent days, come roughly six months after computing pioneer Dell Technologies Inc. spun off its 81% equity stake in VMware. VMware has …

Broadcom in Talks to Acquire VMware
2 years, 10 months ago

Broadcom in Talks to Acquire VMware

News 18  

-Chipmaker Broadcom Inc is in talks to acquire cloud service provider VMware Inc, people familiar with the matter told Reuters. The acquisition would further diversify Broadcom’s business away from semiconductors and into enterprise software, following its $18.9 billion acquisition of CA Technologies and its $10.7 billion purchase of Symantec Corp’s security division in the last four years. Michael Dell is …

Chipmaker Broadcom is in talks to buy cybersecurity company Symantec: Report
5 years, 8 months ago

Chipmaker Broadcom is in talks to buy cybersecurity company Symantec: Report

Firstpost  

A deal would expand Broadcom’s push into software a year after its $18.9 billion deal to buy US business software company CA Inc Chipmaker Broadcom Inc is in advanced talks to buy cybersecurity firm, Symantec Corp, according to sources familiar with the matter, as Broadcom seeks to diversify beyond semiconductors. A deal would expand Broadcom’s push into software a year …

Qualcomm rejects Broadcom acquisition offer, setting up $103 billion proxy fight
7 years, 4 months ago

Qualcomm rejects Broadcom acquisition offer, setting up $103 billion proxy fight

Live Mint  

San Francisco: Qualcomm Inc. rejected Broadcom Ltd’s $105 billion acquisition offer, kicking off what would be the largest technology takeover battle in history. “It is the board’s unanimous belief that Broadcom’s proposal significantly undervalues Qualcomm relative to the company’s leadership position in mobile technology and our future growth prospects,” said Paul Jacobs, executive chairman and chairman of the board of …

Broadcom offers $105 billion for Qualcomm in landmark deal
7 years, 4 months ago

Broadcom offers $105 billion for Qualcomm in landmark deal

Live Mint  

San Francisco: Broadcom Ltd offered about $105 billion for Qualcomm Inc., kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock the electronics industry. The lawsuit may prompt Apple to stop buying Qualcomm chips for use in the iPhone and other products, which would deal a major blow to a unit that drives …

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