REG - Competition and Mkts - Merger Update: Broadcom/VMware

BroadcomAnnouncement

22/03/2023 12:15

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RNS Number : 8804T  Competition and Markets Authority  22 March 2023

MERGER DECISION ANNOUNCED:

 

ANTICIPATED ACQUISITION BY BROADCOM INC. OF VMWARE, INC.

 

The Competition and Markets Authority (CMA) has decided, on the evidence
currently available to it, that it is or may be the case that the anticipated
acquisition by Broadcom Inc. of VMware, Inc. (the Merger) has resulted or may
be expected to result in a substantial lessening of competition within a
market or markets in the United Kingdom.

 

The CMA is therefore considering whether to accept undertakings under section
73 of the Enterprise Act 2002 (the Act) in lieu of a reference to an in-depth,
Phase 2 investigation. Pursuant to section 73A(1) of the Act, Broadcom Inc.
and VMware, Inc. has until Wednesday, 29 March 2023 to offer undertakings to
the CMA that might be accepted by the CMA under section 73(2) of the Act. If
no such undertakings are offered, then the CMA will refer the Merger, pursuant
to sections 33(1) and 34ZA(2) of the Act.

 

The text of this decision will be placed on the CMA's website at
www.gov.uk/CMA as soon as is reasonably practicable.

 

In the event of media enquiries please email press@cma.gov.uk
(mailto:press@cma.gov.uk)

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