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EU antitrust regulators extend decision on Broadcom, VMware deal to June 26

Published 05/12/2023, 12:54 PM
Updated 05/12/2023, 12:56 PM
© Reuters. FILE PHOTO: A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
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BRUSSELS (Reuters) - EU antitrust regulators extended on Friday their deadline for a decision on U.S. chipmaker Broadcom (NASDAQ:AVGO)'s proposed $61 billion bid for cloud computing firm VMware (NYSE:VMW) by three days to June 26.

© Reuters. FILE PHOTO: A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

The deadline was extended in agreement with the companies, a European Commission spokesperson said.

Broadcom Chief Executive Hock Tan last week sought to convince the European Commission of the merits of the deal at a closed hearing. The company is expected to offer remedies in the coming days.

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