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Broadcom (NASDAQ:AVGO) is predicted to obtain a European Union antitrust warning regarding its deliberate $61 billion takeover of VMware (NYSE:VMW) within the coming weeks.
The European Fee will disclose its issues concerning the deal in a assertion of objections, in accordance a Reuters report from earlier Monday, which cited individuals acquainted. Broadcom (AVGO) is predicted to supply potential treatments solely after it receives the cost sheet from the European regulator, although no asset gross sales are more likely to be supplied.
The report comes after European Union in December mentioned it will open up an “in-depth” investigation into the VMware (VMW) transaction. The EC mentioned it was “notably involved” that the deal might enable Broadcom (AVGO) to limit competitors for sure {hardware} elements that function with VMware’s (VMW) software program.
The EC is ready to selected the VMware/Broadcom transaction by a June 7 deadline.
In January the U.Okay.’s Competitors and Markets Authority mentioned it will examine the VMware (VMW) deal.
In Might, Broadcom (AVGO) introduced that it was buying VMware (VMW) for $61B in money and inventory.
