Broadcom Inc. and VMware, Inc. have successfully obtained regulatory approvals for Broadcom’s acquisition of VMware. This significant milestone paves the way for the closing of the deal, scheduled to take place on November 22, 2023.
The acquisition includes legal merger clearances in multiple countries, including Australia, Brazil, Canada, China, the European Union, Israel, Japan, South Africa, South Korea, Taiwan, the United Kingdom, as well as foreign investment control clearances in all necessary jurisdictions. Notably, there are no legal obstacles under U.S. merger regulations.
Broadcom, headquartered in San Jose, CA, is a global technology leader that specializes in designing and developing a wide range of semiconductor and infrastructure software solutions. Their extensive product portfolio encompasses critical markets such as data center, networking, enterprise software, broadband, wireless, storage, and industrial applications. Their solutions cater to diverse needs, including data center networking and storage, enterprise, mainframe and cybersecurity software, smartphone components, telecoms, and factory automation.
VMware, headquartered in Palo Alto, California, is a renowned provider of multi-cloud services for all applications, enabling digital innovation with enterprise control. Their software solutions empower businesses with the flexibility and choice they require to build a prosperous future. Committed to social responsibility, VMware has a clear vision outlined in their 2030 Agenda.
While the acquisition deal between Broadcom and VMware is on track, it is important to note that this article contains forward-looking statements and involves certain risks and uncertainties. Factors such as business disruption, talent retention, legal proceedings, successful integration, and global political and economic conditions could impact the outcome. Both companies have included these risks and potential uncertainties in their respective filings with the Securities and Exchange Commission (SEC).
Frequently Asked Questions
1. What is the status of Broadcom’s acquisition of VMware?
Broadcom Inc. and VMware, Inc. have received all the necessary regulatory approvals required to proceed with the acquisition deal. The transaction is set to close on November 22, 2023.
2. In which countries has Broadcom obtained legal merger clearance?
Broadcom has obtained legal merger clearance in Australia, Brazil, Canada, China, the European Union, Israel, Japan, South Africa, South Korea, Taiwan, the United Kingdom, and other necessary jurisdictions.
3. What are Broadcom and VMware known for?
Broadcom is a global technology leader specializing in semiconductor and infrastructure software solutions. VMware, on the other hand, is a leading provider of multi-cloud services for all apps, offering digital innovation with enterprise control.
4. What are some potential risks associated with the acquisition deal?
Some potential risks include business disruption, talent retention, legal proceedings, successful integration, and global political and economic conditions. Both Broadcom and VMware have disclosed these risks in their filings with the SEC.