Reuters exclusively reported that Broadcom faces EU antitrust warning on $61 billion VMware deal – Reuters News Agency

Business & FinanceDealsTechnology

Reuters exclusively reported that U.S. chipmaker Broadcom (AVGO.O) is set to receive an EU antitrust warning about the possible anti-competitive effects of its proposed $61 billion bid for cloud computing company VMware (VMW.N) in the coming weeks. The European Commission opened an investigation in December, saying the deal – which was announced last year as the second largest of its kind globally – would allow Broadcom to restrict competition in the market for certain hardware components that interoperate with VMware’s software. Broadcom shares have since pared gains.

Market Impact

Broadcom shares pared gains after the release of Reuters reporting. 

Article Tags

Topics of Interest: Business & FinanceDealsTechnology

Type: Reuters Best

Sectors: Business & FinanceTechnology

Regions: Americas

Countries: US

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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