6 big deal reports: Microsoft-Activision likely to be greenlit by EU | Pro Recap
Summary
The European Commission, which is scheduled to decide on the deal by April 25, will not require Microsoft to divest any assets to obtain approval, according to the sources familiar with the matter. Broadcom (NASDAQ:AVGO) will soon receive an antitrust warning from the European Union regarding the potential anti-competitive impact of its $61B bid for VMware (NYSE:VMW), according to a Reuters report on Monday, citing people familiar with the matter. In December, the European Commission opened an investigation, stating that the deal would enable Broadcom to limit competition in the market for particular hardware components that interoperate with VMwares software. Arconic (NYSE:ARNC) shares jumped more than 19% on Tuesday after The Wall Street Journal reported that private equity firm Apollo Global Management is in talks to acquire the company, citing people familiar with the matter. 6 big deal reports: Microsoft-Activision likely to be greenlit by EU | Pro Recap Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.30%
Classifications
AskAI Classifications
LabelsLinked Companies
