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Home » Broadcom gains UK clearance for VMware acquisition

Broadcom gains UK clearance for VMware acquisition

August 21, 2023
in Financials
A A

Broadcom received final transaction approval from the United Kingdom’s Competition and Markets Authority. 

Broadcom has already received legal merger clearance in the European Union, as well as in Australia, Brazil, Canada, Israel, South Africa, and Taiwan, and foreign investment control clearance in all necessary jurisdictions. 

In the U.S., the Hart-Scott-Rodino pre-merger waiting periods have expired, and there is no legal impediment to closing under U.S. merger regulations.

The company says it is in the advanced stages of the process toward obtaining the remaining required regulatory approvals, which Broadcom believes will be received before October 30, 2023. 

Accordingly, together with VMware, Broadcom has agreed to further extend the Outside Date as contemplated in the transaction agreement.

Source: Broadcom
Tags: BroadcomMergers and AcquisitionsVmware
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Jim Carroll

Jim Carroll

Editor and Publisher, Converge! Network Digest, Optical Networks Daily - Covering the full stack of network convergence from Silicon Valley

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