Broadcom's $61 billion purchase of VMware draws investigation from U.K. regulators
The U.K.'s Competition and Markets Authority said Wednesday that it was investigating Broadcom Inc.'s (AVGO) planned $61 billion purchase of VMware Inc. (VMW) The CMA disclosed in a press release that the deadline for a phase 1 decision is March 22, though the agency isn't guaranteeing that a decision will be announced by then. The European Commission is also looking into the merger, it announced in December, citing the possibility that the deal "would allow Broadcom to restrict competition in the market for certain hardware components which interoperate with VMware's software."
(END) Dow Jones Newswires
January 25, 2023 06:20 ET (11:20 GMT)
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