Uncertainty surrounds Broadcom's takeover of cloud and virtualization outfit VMware. The transaction was expected to close today, but China's State Administration for Market Regulation has so far not approved the deal.
The pair also insisted they had foreign investment control clearance"in all necessary jurisdictions," and"there is no legal impediment to closing under US merger regulations."that pre-merger waiting periods under the Hart-Scott-Rodino Act have now expired, and as no objections to its acquisition of VMware have yet been raised by the Federal Trade Commission ,there is nothing in US law to prevent the sale going ahead.
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