Broadcom's $61 billion deal for VMware on UK regulator's radar

FILE PHOTO: The Broadcom Limited company logo is shown outside one of their office complexes in Irvine, California, U.S., March 4, 2021. REUTERS/Mike Blake/File Photo

(Reuters) -Britain's competition regulator said on Monday it was looking into whether U.S. chipmaker Broadcom Inc's $61 billion acquisition of cloud computing company VMware Inc may substantially lessen competition.

The Broadcom-VMware deal, announced in May, is the second biggest globally so far this year and marks Broadcom's attempt to diversify its business into enterprise software. The companies are also seeking European Union antitrust approval.