The U.K.’s competition authority has said that it plans to greenlight Broadcom’s $69 billion bid for virtualization software giant VMware. The news comes exactly a week after the European Commission (EC) approved the deal, which pretty much leaves the U.S. as the last remaining hurdle for Broadcom, with the Federal Trade Commission (FTC) currently investigating the…
The European Commission (EC) has formally approved Broadcom’s $61 billion bid for virtualization software giant VMware, with the caveat that Broadcom fulfils certain ongoing commitments around access and interoperability. The megabucks deal, which sits among the biggest tech acquisitions of all time, was always likely to attract regulatory scrutiny when it was announced way back in…
Apple today announced a multi-billion dollar deal with Broadcom to build some wireless components in the United States. Under the terms of the agreement, Broadcom will design and build 5G components, including FBAR filters, in its America-based facilities. In a statement, Apple CEO Tim Cook stated “[Apple] is thrilled to make commitments that harness the…
After putting Broadcom on notice last week that it was concerned that the proposed $61 billion Broadcom-VMware deal could adversely affect competition in the server market, the U.K. Competition and Markets Authority (CMA) announced today that it was proceeding with an in-depth investigation that could take up to six months. “The CMA has referred the anticipated…
The UK Competition and Markets Authority (CMA) expressed concern today that the $61 billion Broadcom-VMware deal announced last year could result in more expensive servers for UK businesses. “We are concerned this deal could allow Broadcom to cut out competitors from the supply of hardware components to the server market and lead to less innovation…
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