The companies don’t have overlapping products but are often used together to manage data centers. Any deal would cause competition issues in the supply of hardware components, the CMA said.īroadcom’s acquisition is already under scrutiny from European regulators and is also in the midst of an in-depth review in Brussels.īroadcom makes a wide range of electronics, with its products going into everything from Apple Inc.’s iPhones to industrial equipment, while VMware makes virtual software that allows users to access systems remotely. It was an expected move after the CMA previously found that the deal could possibly increase costs for customers including banks and telecommunication firms, plus dent innovation unless acceptable solutions are forthcoming. The agency usually only considers structural remedies, that includes selling parts off, in the first stage of its merger investigations. 12 to make its decision over whether to block the deal or wave it through. The Competition and Markets Authority set on Wednesday a deadline of Sept. will get an in-depth review from the UK’s antitrust agency after the firm did not offer any remedies to allay the body’s competition concerns. (Bloomberg) - Broadcom Inc.’s proposed $61 billion takeover of cloud-computing company VMware Inc.
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