Broadcom’s US$61bil VMware deal set for EU approval


The European Commission will give the nod after months of negotiations with the firms, sources said. — Bloomberg

NEW YORK: Broadcom Inc’s US$61bil (RM283.8bil) acquisition of cloud computing company VMware Inc is poised to be approved by the European Union’s merger officials, paving the way for the world’s biggest-ever takeover for a semiconductor maker.

The European Commission will give the nod after months of negotiations with the firms, according to people familiar with the matter who spoke on condition of anonymity.

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