VMware Extends Deadline for Takeover by Broadcom in Face of Scrutiny
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VMware Inc. has agreed to extend the deadline for its takeover by Broadcom Inc. as the $61 billion deal faces regulatory scrutiny.
The companies are now aiming to complete the purchase by Aug. 26, a three-month postponement from the previous date, VMware said in a filing on Friday. If the transaction doesn’t close by then — and regulatory approvals are the only remaining sticking point — either company could extend the deadline to Nov. 26.