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UK market watchdog clears Broadcom`s $61 bn deal to acquire VMware The UK’s Competition and Markets Authority (CMA) on Monday approved US-based hardware company Broadcom’s $61 billion purchase of desktop virtualization software provider VMware following an in-depth investigation. The CMA found that Broadcom’s deal to buy VMWare “would not substantially reduce competition in the supply of server hardware components in the UK.”  Following its initial Phase 1 investigation, the CMA identified competition concerns warrant...
UK market watchdog clears Broadcom`s $61 bn deal to acquire VMware
UK market watchdog clears Broadcom`s $61 bn deal to acquire VMware
Source: IANS
21/08/2023 5:26:27 PM
Broadcom addresses unfair practices, proposes measures worth $15.8 mn US chipmaker Broadcom offered 20 billion won ($15.8 million) worth of programmes to address concerns about its alleged violation of competition law, South Korea's antitrust regulator said on Monday. The Fair Trade Commission (FTC) has been looking into allegations that Broadcom violated local laws by pressing Samsung Electronics Co. to ink long-term contracts for the supply of smart device parts. The regulator believed that Broadcom has abused its position to force its partner to si...
Broadcom addresses unfair practices, proposes measures worth $15.8 mn
Broadcom addresses unfair practices, proposes measures worth $15.8 mn
Source: IANS
9/01/2023 2:27:46 PM
European union probing $61 bn acquisition of VMware by Broadcom The European Commission has opened an in-depth investigation to assess the proposed acquisition of enterprise Cloud software company VMware by Broadcom. VMware was acquired by chip and software maker Broadcom from Dell Technologies for $61 billion in May this year. The Commission said it is particularly concerned that the "transaction would allow Broadcom to restrict competition in the market for certain hardware components which interoperate with VMware's software". Th...
European union probing $61 bn acquisition of VMware by Broadcom
European union probing $61 bn acquisition of VMware by Broadcom
Source: IANS
21/12/2022 11:13:41 AM
VMware posts $3.2 bn in revenue in Q3 amid acquisition by Broadcom Enterprise Cloud services provider VMware, in the process of being acquired by chipmaker Broadcom in a $61.2 billion deal, has posted $3.21 billion in revenue for the third quarter -- an increase of 1 per cent from the third quarter of fiscal 2022. VMware's shares fell slightly in after-hours trading after it reported lower-than-expected earnings and revenue. The virtualisation software giant reported a net profit of $231 million, way down from $398 million in profit it posted in th...
VMware posts $3.2 bn in revenue in Q3 amid acquisition by Broadcom
VMware posts $3.2 bn in revenue in Q3 amid acquisition by Broadcom
Source: IANS
25/11/2022 4:37:16 PM
Broadcom to acquire enterprise cloud services provider VMware for $61 bn In the second biggest tech deal of the year, chip and software maker Broadcom on Thursday announced to acquire enterprise cloud services provider VMware in a cash-and-stock deal valued at $61 billion. In addition, Broadcom will assume $8 billion of VMware's net debt. This is the second biggest tech deal of the year after Microsoft announced to acquire video game maker Activision Blizzard for $68.7 billion. "We look forward to VMware's talented team joining Broadcom, furt...
Broadcom to acquire enterprise cloud services provider VMware for $61 bn
Broadcom to acquire enterprise cloud services provider VMware for $61 bn
Source: IANS
27/05/2022 8:16:58 AM