EU to green light Broadcom's VMware deal on Wednesday, source says (updated)

VMware

11/07/2023 20:34

(Adds European Commission declines comment, details in last
three paragraphs)
    By Foo Yun Chee
       BRUSSELS, July 11 (Reuters) - U.S. chipmaker Broadcom
 AVGO.O  is set to win conditional EU antitrust approval for its
$61 billion proposed acquisition of cloud computing firm VMware
 VMW.N  on Wednesday, a person familiar with the matter said on
Tuesday.
    Last month, Reuters reported exclusively that Broadcom had
succeeded in addressing the European Commission's concerns
regarding its Fibre Channel Host-Bus Adapters (FC HBAs) by
offering an interoperability remedy to rival Marvell Technology
 MRVL.O .
    Broadcom is a leading supplier of FC HBAs, which are storage
adapters that connect servers to storage located outside the
server on a storage-area network using the fiber channel
protocol.
    The VMware deal is Broadcom's largest-ever acquisition as it
looks to diversify into enterprise software. 
        The European Commission declined to comment. 
  
        The U.S. Federal Trade Commission and the UK competition
agency are also examining the deal.
  

 (Reporting by Foo Yun Chee; Editing by Mark Porter)
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