Broadcom and VMware win final deal approval, but their stocks fall

by user

Broadcom Inc. and VMware Inc. expect to close their merger Wednesday, the companies said Tuesday morning, though analysts noted that the final approval from China came with conditions.

The companies had been waiting on China to approve the $61 billion deal, which was announced in May 2022, and there was some concern that they wouldn’t end up getting that final approval amid geopolitical tensions. On Tuesday, Broadcom AVGO and VMware VMW said China approved the merger.


Master your money.

Subscribe to MarketWatch.

Get this article and all of MarketWatch.

Access from any device. Anywhere. Anytime.

Subscribe Now

Source link

Related Posts

Leave a Review

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy