VMware, Broadcom extend merger close deadline by three months

📆 2/18/2023 4:40 AM
📰 ChannelNewsAsia

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 66%

Domain Domain Headlines News

Domain Domain Latest News,Domain Domain Headlines

Cloud computing company VMware Inc and chipmaker Broadcom Inc extended the date by which their $61 billion merger is to be completed by 90 days, according to a regulatory filing on Friday.The new so-called 'outside date' for the deal is May 26, 2023, the filing said. The Broadcom-VMware deal was on

Cloud computing company VMware Inc and chipmaker Broadcom Inc extended the date by which their $61 billion merger is to be completed by 90 days, according to a regulatory filing on Friday.

The Broadcom-VMware deal was one of the biggest announcements globally in 2022, marking the chipmaker's attempt to diversify into the enterprise software segment.Britain's competition regulator in January said it had started the first phase of an investigation into the acquisition, while EU antitrust regulators in February have resumed their investigation and will decide by June 7 whether to clear or block the deal.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Domain Domain Latest News, Domain Domain Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

VMware, Broadcom to extend merger date by 12 monthsCloud computing company VMware Inc and chipmaker Broadcom Inc plan to extend the date of their $61 billion potential merger by twelve months, according to a regulatory filing on Friday.The companies have delivered to the other a mutual notice to extend the date from its expected close on May 26, 2023, the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »