Broadcom's VMware Takeover Is Cleared in Europe as Case for Tech M&A Revival Grows
marketwatch2023-07-12
Broadcom’s cash-and-stock deal to buy VMware is worth some $77 billion at current prices.
Photograph by Justin Sullivan/Getty Images
The European Union on Wednesday cleared Broadcom ‘s acquisition of VMware, worth some $77 billion at current prices, with a green light for the takeover from a historically tough-on-tech regulator being the latest sign that tech deal momentum could build.
Broadcom (ticker: AVGO) stock gained 0.5% in premarket trading, with shares in VMware (VMW) up 2.3%.
This is a breaking news story. More to follow.
Write to Jack Denton at jack.denton@barrons.com
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