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VMware-Broadcom Deal Moves Ahead as Go-Shop Period Ends

Broadcom Inc.’s $61 billion deal for VMware Inc. will move forward after a rival bidder failed to emerge to break up the deal for the cloud-computing company during its so-called “go-shop” period, according to people familiar with the matter. 

VMware, which had 40 days to solicit rival offers, may disclose the outcome of that effort, although its plans haven’t been finalized, said one of the people, who asked to not be identified because the matter isn’t public. VMware had until 11:59 p.m. Pacific time Tuesday to solicit other bids, according to the deal announcement in May.