EU to green light Broadcom’s VMware deal on Wednesday, source says By Reuters

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<span>© Reuters. FILE PHOTO: A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo</span><br />
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<p>By Foo Yun Chee</p>
<p>BRUSSELS (Reuters) -U.S. chipmaker Broadcom (NASDAQ:) is set to win conditional EU antitrust approval for its $61 billion proposed acquisition of cloud computing firm VMware (NYSE:) on Wednesday, a person familiar with the matter said on Tuesday.</p>
<p>Last month, Reuters reported exclusively that Broadcom had succeeded in addressing the European Commission&#8217;s concerns regarding its Fibre Channel Host-Bus Adapters (FC HBAs) by offering an interoperability remedy to rival Marvell (NASDAQ:) Technology.</p>
<p>Broadcom is a leading supplier of FC HBAs, which are storage adapters that connect servers to storage located outside the server on a storage-area network using the fiber channel protocol.</p>
<p>The VMware deal is Broadcom&#8217;s largest-ever acquisition as it looks to diversify into enterprise software. </p>
<p>The European Commission declined to comment. </p>
<p>The U.S. Federal Trade Commission and the UK competition agency are also examining the deal.</p>
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<br /><a href="https://www.investing.com/news/stock-market-news/eu-to-green-light-broadcoms-vmware-deal-on-wednesday-source-says-3123674">Source link </a></p><p>The post <a href="https://forextraderhub.com/eu-to-green-light-broadcoms-vmware-deal-on-wednesday-source-says-by-reuters.html">EU to green light Broadcom’s VMware deal on Wednesday, source says By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>