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EU watchdog extends deadline on Broadcom-VMware decision to June 21

Published 03/14/2023, 10:31 AM
Updated 03/14/2023, 10:36 AM
© 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
VMW
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AVGO
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BRUSSELS (Reuters) - EU antitrust regulators have extended their decision on U.S. chipmaker Broadcom (NASDAQ:AVGO)'s proposed $61 billion takeover of cloud computing company VMware (NYSE:VMW) by two weeks to June 21, the European Commission said on Tuesday.

The EU competition watchdog said the extension was agreed with Broadcom, which is looking to diversify into enterprise software.

© 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

The Commission is expected to warn Broadcom about potential anti-competitive effects of the proposed deal in the coming weeks, sources close to the matter have told Reuters.

The U.S. and UK antitrust agencies are also investigating the proposed acquisition.

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