The European Commission has granted conditional approval to Broadcom Inc. to complete its acquisition of VMware, Inc. Broadcom has also received legal merger clearance in Australia, Brazil, Canada, South Africa, and Taiwan, and foreign investment control clearance in all necessary jurisdictions.
According to Broadcom, it has provided the European Commission with a technology access remedy that preserves interoperability, a core principle that would not have changed as a result of this transaction. The company did this to fully address the concerns expressed by the European Commission, and it welcomes the commission’s decision to accept this access remedy. It stated that it looks forward to continuing to work constructively with regulators around the world.
Broadcom expects the transaction to close in its fiscal year 2023.