{"id":34558,"date":"2023-07-12T07:49:41","date_gmt":"2023-07-12T11:49:41","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/broadcoms-vmware-takeover-gets-ok-in-europe-as-case-for-tech-ma-revival-grows\/"},"modified":"2023-07-12T07:49:43","modified_gmt":"2023-07-12T11:49:43","slug":"broadcoms-vmware-takeover-gets-ok-in-europe-as-case-for-tech-ma-revival-grows","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=34558","title":{"rendered":"Broadcom\u2019s VMware Takeover Gets OK in Europe as Case for Tech M&#038;A Revival Grows"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000690204\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        Broadcom<span>\u2019s<\/span><br \/>\n       takeover of<br \/>\n        VMware<span>,<\/span><br \/>\n       worth around $80 billion, has been cleared by historically tough-on-tech European regulators in the latest sign that technology dealmaking slowed by competition concerns could get rolling once again.<\/p>\n<p>The European Commission on Wednesday said that it had approved the chip maker\u2019s acquisition of cloud computing group<br \/>\n        VMware<br \/>\n      (ticker: VMW), conditional upon compliance with commitments offered by<br \/>\n        Broadcom<br \/>\n      (AVGO).<\/p>\n<div class=\"paywall\">\n<p>A victory for Broadcom in Europe is a good sign for the whole technology sector.\u00a0<\/p>\n<p>The industry has seen dealmaking slow, and it\u2019s not only because of an environment of higher interest rates. There has been a perception that regulators are unwilling to wave through tech mega-mergers and acquisitions, perhaps no more so than in Europe, which is home to some of the toughest competition watchdogs in the tech industry.<\/p>\n<p>\n        Nvidia<span>\u2019s<\/span><br \/>\n       (NVDA) bid to buy chip designer Arm from SoftBank (SFTBY) was quashed by regulators last year, and Broadcom\u2019s cash-and-stock deal to buy VMware\u2014worth around $77 billion to $81 billion at current prices\u2014could have suffered the same fate. With the deal having received clearance in Europe, attention now turns to the U.S., where the Federal Trade Commission helmed by Lina Khan is also scrutinizing the deal.<\/p>\n<p>However, the FTC on Tuesday suffered a crushing blow to its campaign against corporate mergers, with a federal judge ruling against the agency\u2019s halt on the $75 billion acquisition of<br \/>\n        Activision<br \/>\n      (ATVI) by<br \/>\n        Microsoft<br \/>\n      (MSFT).\u00a0<\/p>\n<p>The high-profile defeat could make the regulator less likely to pursue anything but a slam dunk, and Europe\u2019s green light for Broadcom suggests the deal may not fit in that category. Tech dealmakers waiting on the sidelines\u2014corporate transactions have plunged this year\u2014may now be preparing for a comeback.<\/p>\n<p>\u201cThis was a black eye for Khan and the FTC and we expect the floodgates now to open up on tech M&amp;A,\u201d said Dan Ives, an analyst at broker Wedbush. \u201cBroadcom and<br \/>\n        Activision<br \/>\n       are music to the ears of the tech world.\u201d<\/p>\n<p>Shares in VMware surged 5.2% on Tuesday on the back of the Activision news, and were advancing a further 1.6% in premarket trading Wednesday after the approval from Brussels. Broadcom stock was 0.4% higher, building on a 0.5% gain on Tuesday.<\/p>\n<p>It may be only the start of a wave of stock market moves driven by deal activity in tech\u2014finally.<\/p>\n<p>Write to Jack Denton at jack.denton@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/broadcom-vmware-acquisition-european-union-e5d82561?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Broadcom\u2019s takeover of VMware, worth around $80 billion, has been cleared by historically tough-on-tech European regulators in the latest sign that technology dealmaking slowed by competition concerns could get rolling once again. The European Commission on Wednesday said that it had approved the chip maker\u2019s acquisition of cloud computing group VMware (ticker: VMW), conditional upon [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-34558","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Broadcom\u2019s VMware Takeover Gets OK in Europe as Case for Tech M&amp;A Revival Grows | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Broadcom\u2019s takeover of VMware, worth around $80 billion, has been cleared by historically tough-on-tech European regulators in the latest sign 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