Broadcom, VMware Say $61 Billion Takeover Deal is Cleared by Regulators
2023年11月21日 - 10:34PM
Dow Jones News
By Will Feuer
Broadcom said its $61 billion takeover of cloud-computing
company VMware has been cleared by regulators and will close on
Wednesday.
The deal, first announced some 18 months ago, has been held up
by regulatory scrutiny. Investors have fretted that the Chinese
government would withhold its approval.
Broadcom said Tuesday it has received legal merger clearance in
China and all other necessary jurisdictions.
Chinese regulators are a growing concern for investors betting
on big deals. Earlier this year, Intel scrapped its more-than-$5
billion offer to buy Israeli chip maker Tower Semiconductor after
Chinese regulators failed to approve the deal amid U.S.-China
technology tensions.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
November 21, 2023 08:19 ET (13:19 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Vmware (NYSE:VMW)
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Vmware (NYSE:VMW)
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