UK competition regulator approves Broadcom’s $69B acquisition of VMware
UK’s competition regulator’s nod to Broadcom’s $69B VMware acquisition is a game-changer. Rigorous scrutiny ensures healthy market competition.
UK’s competition authority announced on Monday that it had approved the acquisition of VMware by U.S. technology firm Broadcom for $69 billion. The decision comes after a thorough phase-2 investigation by the Competition and Markets Authority (CMA). In July, the CMA had initially given a provisional clearance for the deal, stating that it would not harm competition in the market for essential computer server products.
Why does this matter?
The decision demonstrates the regulator’s confidence that the deal won’t harm competition in critical computer server products. This has implications for both the tech industry’s landscape and market competition dynamics.
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