UK regulator provisionally clears Broadcom's $69 bln deal to buy VMware (updated)

VMware

19/07/2023 11:14

(Adds quote in paragraph 3, details in paragraphs 4-5)
       LONDON, July 19 (Reuters) - Britain's competition
regulator has provisionally cleared Broadcom's $69 billion deal
to buy VMware, it said on Wednesday, adding that it would not
weaken competition in the supply of critical computer server
products.
   The Competition and Markets Authority (CMA) in March raised
concerns that the deal could make servers more expensive,
prompting an in-depth investigation.
    "After examining the evidence gathered from Broadcom, VMware
and other interested parties, an independent CMA panel has
provisionally found the deal would not substantially reduce
competition in the supply of server hardware components in the
UK," the regulator said.
    The EU approved the deal a week ago. 
    The CMA said it consult on its provisional view before
issuing a final report by Sept. 12.
    

 (Reporting by Muvija M and Paul Sandle; editing by William
James)
 ((Muvija.M@thomsonreuters.com; within the UK: +44 7776813338,
outside the UK: +91 80 61822698; Twitter: https://twitter.com/muvija_m;))