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Stock impact report

Broadcom closes $69 bln VMware deal after China approval [Yahoo! Finance]

Vmware, Inc. Common stock, Class A (VMW) 
Last vmware, inc. common stock, class a earnings: 2/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.vmware.com/overview/default.aspx
Company Research Source: Yahoo! Finance
receiving regulatory approval in last major market China and ending a months-long saga. The deal, one of the biggest globally when announced in May 2022, was the latest in CEO Hock Tan's efforts to boost the chipmaker's software business. However, the transaction faced tough regulatory scrutiny across the world and the companies had delayed the closing date three times. China's regulatory approval came through on Tuesday after ongoing tensions with the U.S. around tougher chip export control measures had stoked fears among some investors on the company's ability to close the deal before the Nov. 26 deadline. "The improved mood music after the meeting between China's President Xi Jinping and U.S. President Joe Biden earlier this month helped to settle remaining nerves," Danni Hewson, head of financial analysis at AJ Bell, said on Tuesday, after the companies said they planned to close the transaction on Nov. 22. The European Commission had approved the acquisition after Broadco Show less Read more
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