UK authority OKs Broadcom’s VMware buy but regulatory hurdles remain
The UK’s Competition and Markets Authority Monday approved the proposed $61 billion megamerger between Broadcom and VMware, saying that the deal would not substantially affect innovation or harm the ability of rivals to compete against the merged company.
While Broadcom said that it expects to receive all regulatory approvals necessary to close the deal VMware deal by the end of October, it acknowledged that it is still working with some authorities to obtain consent, and said in a filing with the US Securities Exchange Commission on Monday that it has agreed with VMware to extend the "Outside Date" for the deadline to conclude the deal. The new date was not immediately specified by Broadcom.