Home News Broadcom faces EU antitrust warning over $61 billion VMware deal

Broadcom faces EU antitrust warning over $61 billion VMware deal

0

According to Reuters, people familiar with the matter said that Broadcom will receive an EU antitrust warning, saying that its proposed $ 61 billion (Currently about 424.56 billion CNY) acquires cloud computing The company’s VMware may have an anti-competitive impact in the next few years.

The European Commission launched an investigation in December last year, saying that the transaction will allow Broadcom to restrict the market competition of certain hardware components that interact with VMware software.

The European Commission will decide the transaction on June 7. For Reuters’ news, the agency refuses to comment.

Broadcom said it will continue to carry out “constructive work” with the committee. The transaction has been approved in Brazil, South Africa and Canada, and Broadcom’s goal is to complete the acquisition in fiscal 2023.

Broadcom and VMware’s transactions are one of the world’s most significant transactions in 2022, marking that this chip manufacturer tries to diversify the company’s software field.

Broadcom is the most acquired semiconductor company. In recent years, strategically use mergers to promote its growth. It previously acquired CA Technologies for $ 18.9 billion in 2018, and acquired Siemen Tieck for $ 10.7 billion in 2019.

Exit mobile version