The "go-shop" period for companies to bid for VMware has passed, following Broadcom's proposed $61 billion acquisition this May. The deal will be the second biggest globally Broadcom Inc. ( NASDAQ: AVGO) is said to seek early European Union approval for its planned $61 billion acquisition of cloud computing company VMware ( NYSE: VMW ). At first glance, the Broadcom-VMware deal looks fairly innocuous from an antitrust perspective, but the size of the deal alone, plus its Big Tech trappings, are likely to garner in The annoucement simply says that, "The transaction, which is expected to be completed in Broadcom's fiscal year 2023, is subject to the receipt of regulatory approvals and other customary closing conditions, including approval by VMWare shareholders." Broadcom must pay VMware $1.5 billion if it terminates the deal or if the transaction fails to get regulatory clearance. including the ability to secure regulatory. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman The document adds: "The transaction remains subject to the 2022-11-01 05:55 HKT. The executive explained that Broadcom is aligned with customer priorities to invest in and support innovation at VMware in regards to its multicloud and cloud-native portfolio. "Our growth into a global technology leader was not based on taking existing products and raising their prices, but by creating technology and products that provide clear value to customers and continuing to The shareholder election will be subject to proration, resulting in approximately 50% of VMwares shares being exchanged for cash consideration and 50% being exchanged for Broadcom common stock. In a statement put out by VMware, the group said under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, VMware shareholders can either elect to receive $142.50 (118.55) in cash or 0.2520 shares of Broadcom common stock for each VMware share they have.. While the acquisitions is still pending regulatory approvals and such, the atmosphere at VMware Explore showcases how things might be looking post acquisition. 5.23K Follower s. In this analysis, we analyzed Broadcoms planned acquisition of VMware expected to be completed by FY2023. The acquisition is said to have been made quietly without the employees' knowledge. "They're going through all of the regulatory approvals, on the one hand. A date is yet to be announced for the VMware shareholder vote. VMware has filed a regulatory document that states "no alternative proposals to acquire VMware were received." By providing customers with the environment and hands-on guidance to help build cloud-native applications quickly and upskill their teams along the way, a combined Broadcom Lucas Jackson/Reuters. Broadcoms $69bn VMware deal set for lengthy EU antitrust investigation Brussels competition regulators plan detailed probe in move that will delay acquisition Broadcom has emerged as one The proposed $61bn deal is set to be delayed as regulators in Europe take a look at competition concerns. The deal still faces regulatory approval and consent from VMware shareholders. Broadcom, a low-level company in the US peninsula, also known as Broadcom, announced the acquisition of VMWare, a well-known virtualization and private cloud company, for $61 billion. On May 26th, 2022, Broadcom announced an agreement in which Broadcom will acquire all of the outstanding shares of VMware for approximately $61 billion, plus assume Additional Information about the Transaction and Participants in the Solicitation: Broadcom Inc. (Broadcom) intends to file with the SEC a Registration Statement on Form S-4 Since the announcement of our intention to acquire VMware in May, I have had the opportunity to spend time with many VMware and Broadcom customers, partners and the The deal is naturally subject to the usual regulatory approvals as well as shareholder agreement, and the transaction Broadcom Inc. and VMware, Inc. intend to cooperate fully with the FTC and are confident that regulatory approval will be obtained, according to the statement. The transaction, which is expected to be completed in Broadcom's fiscal year 2023, is subject to the receipt of regulatory approvals and other customary closing conditions, both companies, VMware shareholders will elect to receive either $142.50 in cash or 0.2520 shares of Broadcom common stock for each VMware share. Every The companies, which announced the acquisition in May, are going through the regulatory approvals, he said. Now those same regulators are reportedly examining Broadcoms purchase of VMware, The $61 billion proposed merger was annoucned by Broadcom on May 26. Hock Tan, Broadcoms president and CEO, discusses the opportunity of a combined Broadcom VMware with customers. In a statement put out by VMware, the group said under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, VMware There have been published reports from Reuters and others that Broadcom has recently tried to fast-track Hock Tan, Broadcoms president and CEO, discusses the opportunity of a combined Broadcom VMware with customers. [RELATED: The companies estimate that deal will close sometime in 2023. It seems that Broadcom said it would acquire VMware in May for about $61 billion. The proposed union would have Broadcom take on $8 billion of VMware's debt. Hock Tan, Broadcoms president and CEO, discusses the opportunity of a combined Broadcom VMware with customers. Jefferies Jared Weisfeld on Broadcom's announced deal to buy VMware for $61B. Hock Tan, Broadcoms president and CEO, discusses the Since the announcement of our intention to acquire VMware in May, I have had the opportunity to spend time with many VMware and Broadcom customers, partners and the VMware Product and Go-to-Market leadership teams. Components & Peripherals News VMware-Broadcom Deal: Dell, IBM, Crowdstrike, Nutanix CEOs Explain Opportunity ORyan Johnson October 19, 2022, 02:05 PM EDT Massive merger will put Broadcom's Symantec and VMware's Carbon Black under one roof. BRUSSELS, Oct 17 (Reuters) - U.S. chipmaker Broadcom (AVGO.O) will seek early European Union antitrust approval of its proposed $61 billion buy of cloud computing company Chip giant Broadcom said Thursday that it plans to acquire software firm VMware for $61 billion. (Source VMware) In May this year, Broadcom announced plans to acquire VMware for US$61 billion, in one will become one of the biggest tech acquisitions of the year. Did Broadcom buy VMware? A big event happened two days ago. By Matthew Gooding The European Union is set to launch an in-depth Broadcom Inc., a Delaware corporation headquartered in San Jose, California, is a global technology leader that designs, develops and supplies a broad range of semiconductor and Broadcom president and CEO Hock Tan has penned a blog post in which he declares that increasing the prices of VMware products is not his strategy. A provider of multi-cloud services for apps, VMW is to be acquired for $61bn (50bn) on 25 May 2022, based on the closing price of Broadcom ( AVGO) common stock. Another assumption is the timing. Broadcom will also assume $8 billion of VMware net debt. Broadcom's VMware buy fuels multicloud vision. Broadcom has run into regulatory road blocks in the past when it attempted to buy Qualcomm in a massive $130 billion deal that was eventually thwarted by U.S. regulators in 2018. Although no specific date has been agreed, the transaction is expected to be completed in Broadcoms fiscal year 2023, and is subject to the receipt of regulatory approvals and other customary closing conditions, including approval by VMware (VMW) shareholders.

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