The European Commission Is Investigating Broadcom S Acquisition Of Vmware
Broadcom wants to acquire VMware for the ginormous sum of $61 billion, a transaction that, if finalized, could be one of the biggest acquisitions ever for the technology market. The two companies plan to merge in Broadcom’s fiscal year 2023, which started in November 2022, but there are still many hurdles to overcome before finally signing the deal. Another massive obstacle to Broadcom’s seemingly insatiable hunger for lesser corporations is coming from the European Union, with the European Commission announcing an in-depth investigation to assess if the acquisition would hinder competition in the EU server market....