Deals
Broadcom’s $61 Billion VMware Deal Cleared by UK
- CMA approves the transaction following provisonal clearance
- Broadcom expects its acquisition of VMware to close on Oct. 30
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Broadcom Inc.’s $61 billion takeover of VMware Inc. was cleared by the UK’s antitrust watchdog, paving the way for one of the largest-ever tech deals.
The Competition and Markets Authority confirmed its provisional decision to clear the deal after finding that it wouldn’t substantially reduce competition in the supply of key computer server products, according to a statement on Monday.