Broadcom Closes $69 Billion VMware Deal After China Approval

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Broadcom has successfully closed its $69 billion acquisition of cloud-computing firm VMware after receiving regulatory approval from China, ending a months-long process. This acquisition is part of Broadcom CEO Hock Tan’s strategy to expand the company’s software business. Despite facing global regulatory scrutiny and having to delay the closing date three times, the deal was finalized after China’s approval.

Read More: https://www.reuters.com/markets/deals/broadcom-closes-69-bln-vmware-deal-after-china-approval-2023-11-22/

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