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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

Broadcom wants EU antitrust approval for $61 bln VMware merger.

A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration
A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration... A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration
A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration... A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

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Broadcom (AVGO.O) will try to convince EU antitrust officials that its $61 billion bid for VMware (VMW.N), which has drawn regulatory scrutiny on both sides of the Atlantic, is pro-competitive Friday.

At a closed hearing, the company will argue with senior European Commission officials, national competition agency officials, and EU executive lawyers.

Broadcom requested the hearing after the Commission warned last month that the purchase might hinder VMware-compatible components competition.

Last year, additional sources told Reuters that the corporation anticipated regulators would see Amazon (AMZN.O), Microsoft (MSFT.O), and Google (GOOGL.O) in the cloud computing sector as evidence of significant competition.

After the oral hearing, Broadcom will offer remedies. However, concessions will stretch the EU deadline for a conclusion until June 21.


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