EU says Broadcom's takeover of VMware could hurt competition

VMware

12/04/2023 16:00

BRUSSELS, April 12 (Reuters) - The European Commission
on Wednesday said the proposed $61 billion takeover by U.S.
chipmaker Broadcom  AVGO.O  of cloud computing company VMware
 VMW.N  could restrict competition in the market for certain
hardware components.
    The commission said it had informed Broadcom of its
preliminary view, which is the result of an in-depth
investigation of the takeover that was opened late last year.
    Broadcom now has the opportunity to reply to the
commission's objections and to request an oral hearing.

 (Reporting by Bart Meijer; Editing by GV De Clercq)
 ((Bart.Meijer@thomsonreuters.com;))