The British regulator may cancel the $61 billion deal
2022.11.21 05:56
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The British regulator may cancel the $61 billion deal
Budrigannews.com – On Monday, the British competitiveness regulator said it was looking into whether the US chipmaker. The acquisition of VMware by a cloud computing company for $61 billion could significantly reduce competitiveness.
In May, Broadcom’s announced deal with VMware is the second largest deal in the world and is evidence that Broadcom will try to diversify its business in the field of enterprise software. Companies also receive the approval of the antimonopoly law of the European Union.
Technology deals have attracted the attention of regulators around the world due to concerns that too much market power is in the hands of a few and the possibility of acquiring large startups only to close.
The ESMA Competition and Market Policy Office has invited interested parties to comment on their deal by December 06 in order to assess whether the Broadcom-VMware investigation will officially begin.
