CMA to probe Broadcom and VMware merger more deeply

  • 📰 TheRegister
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 61%

Business News News

Business Business Latest News,Business Business Headlines

Broadcom-VMware merger probe to enter deeper second stage

This was based on the CMA's notion that post-merger, Broadcom might be able to use VMware's dominant position in server virtualization to restrict compatibility with its platform to servers using Broadcom's silicon components. Such components include Ethernet and Fibre Channel network adapters and switches.: that Broadcom may hike the cost of licenses in order to drive profits, and slow development of updates and technical enhancements for products.

In the same statement sent to us last week, VMware said:"Broadcom's acquisition of VMware continues to move forward as expected, including with respect to the regulatory review process taking place in the UK and those across multiple other jurisdictions. VMware will continue to respond to all regulatory inquiries, as appropriate, and we continue to expect the deal to close in Broadcom’s fiscal year 2023.

"We will address the concerns raised and demonstrate that the transaction enhances competition and benefits businesses and consumers through increased quality, innovation and choice," the spokesperson said. In the US, the Federal Trade Commission is also looking into the deal, but has yet to disclose a timeline for its decision.suggested that FTC staff were having detailed discussions with industry participants over worries about the merger.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 67. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan’s competition regulator has approved Microsoft’s acquisition of Activision Blizzard | VGCJapan's competition regulator has approved Microsoft's proposed acquisition of Activision Blizzard. The JFTC says the deal 'would not substantially restrain competition', and that it will not attempt to block it. It’s becoming ugly now Yeah no shit Xbox gots like 2% of that market but this is just another w in the long line of Xbox Was one step closer to dead Activision Blizzard franchises coming back to life
Source: VGC_News - 🏆 125. / 51 Read more »