Broadcom closes $69 billion VMware deal after China approval
Nov 22 (Reuters) - Broadcom (AVGO.O) on Wednesday closed its $69 billion acquisition of cloud-computing firm VMware (VMW.N) after receiving regulatory approval in last major market China and ending a months-long saga.
VIRTUALIZATION & CLOUD COMPUTING
11/22/20231 min read
The deal, one of the biggest globally when announced in May 2022, was the latest in CEO Hock Tan's efforts to boost the chipmaker's software business.
However, the transaction faced tough regulatory scrutiny across the world and the companies had delayed the closing date three times.
More Information: https://www.reuters.com/markets/deals/broadcom-closes-69-bln-vmware-deal-after-china-approval-2023-11-22/
