Broadcom $61bn VMware deal to go ahead after CMA approval

Acquisition brings together Broadcom Software portfolio with VMware platform to accelerate innovation and address complex technology infrastructure needs

Semiconductor giant Broadcom has said it expects its acquisition of VMware to go through on schedule this year, after the United Kingdom's Competition and Markets Authority approved the deal.

In a statement, the company affirmed its expectation that its acquisition of VMware will close on October 30, 2023.

First announced last year, the US$61bn cash-and-stock deal will see the Broadcom Software Group be renamed VMware, and both organisations’ software portfolios will effectively be merged.

"Building upon our proven track record of successful M&A, this transaction combines our leading semiconductor and infrastructure software businesses with an iconic pioneer and innovator in enterprise software as we reimagine what we can deliver to customers as a leading infrastructure technology company,” Hock Tan, President and Chief Executive Officer of Broadcom, said at the time.

UK's CMA approval final legal step in Broadcom's VMware acquisition

The final transaction approval from the United Kingdom's Competition and Markets Authority follows legal merger clearance in the European Union, as well as in Australia, Brazil, Canada, Israel, South Africa, and Taiwan.

“Broadcom continues to work constructively with regulators in other jurisdictions and is in the advanced stages of the process toward obtaining the remaining required regulatory approvals, which Broadcom believes will be received before October 30, 2023,” the company said. “Accordingly, together with VMware, Broadcom has agreed to further extend the Outside Date as contemplated in the transaction agreement, as will be further described in a Form 8-K to be filed by VMware with the U.S. Securities and Exchange Commission.

“Broadcom is confident that the combination with VMware will enhance competition in the cloud and benefit enterprise customers by giving them more choice and control over where they locate their workloads.”


For more insights into the world of Technology - check out the latest edition of Technology Magazine and be sure to follow us on LinkedIn & Twitter.

Other magazines that may be of interest - AI Magazine | Cyber Magazine.

Please also check out our upcoming event - Cloud and 5G LIVE on October 11 and 12 2023.


BizClik is a global provider of B2B digital media platforms that cover Executive Communities for CEOs, CFOs, CMOs, Sustainability leaders, Procurement & Supply Chain leaders, Technology & AI leaders, Cyber leaders, FinTech & InsurTech leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare and Food.

BizClik – based in London, Dubai, and New York – offers services such as content creation, advertising & sponsorship solutions, webinars & events.


Featured Articles

How AI transformation is changing the marketing world

Nearly two in three marketers said they fear AI may replace their jobs in the next five years, and three in four say AI tools will impact their pay

NTT and Qualcomm team up to drive AI at the edge

NTT and Qualcomm are teaming up to accelerate Private 5G adoption across digital devices, enabling AI at the edge and driving digital transformation

Building Cyber Resilience into ‘OT in Manufacturing’ webinar

Join Acronis' webinar, Building Cyber Resilience into ‘OT in Manufacturing’, 21st September 2023

Google at 25: From a Search pioneer to AI breakthroughs

Digital Transformation

McKinsey: Nine actions for CIOs and CTOs to embrace gen AI

AI & Machine Learning

OpenAI ChatGPT Enterprise tier drives digital transformation

AI & Machine Learning