202224 Jun

Report: EU plans to investigate Broadcoms proposed acquisition of VMware

Summary

The European Union is preparing to launch an antitrust investigation into Broadcom Inc.’s proposed $61 billion acquisition of VMware Inc., the Financial Times reported today. The Financial Times reported today that the EU plans to investigate Broadcom’s proposed acquisition of VMware over antitrust concerns. The EU frequently evaluates the antitrust implications of large acquisitions by launching so-called “phase 1” investigations, which usually take a few months to complete. The company is expected to argue that its proposed acquisition of VMware is unlikely to raise prices for customers, reduce the quality of the software maker’s solutions or hurt innovation. Broadcom is expected to argue that its proposed acquisition of VMware doesn’t constitute a merger of competitors and therefore wouldn’t cause antitrust issues.

Source: Siliconangle

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