Now that Broadcom has received all required regulatory approvals to purchase VMware, the company intends to close the deal on Wednesday, November 22, 2023.
Broadcom has received legal merger clearance in Australia, Brazil, Canada, China, the European Union, Israel, Japan, South Africa, South Korea, Taiwan, and the United Kingdom and foreign investment control clearance in all necessary jurisdictions.
The company said there is no legal impediment to closing under U.S. merger regulations.
On Tuesday, Broadcom received conditional approval for its VMware acquisition from China's State Administration of Market Regulation, or SAMR.
The regulator said the approval was conditional based on the combined company not abusing its position in several areas, including allowing VMware's servers to work with those from third-party providers.
China’s approval comes only days after President Biden met with Premier Xi Jinping. During last week's APEC summit, Biden cited progress between the two countries, while Xi told U.S. CEOs that China is ready to partner with the U.S.
For related articles, visit the Business Topic Center.
For more information on high-speed transmission systems and suppliers, visit the Lightwave Buyer’s Guide.
To stay abreast of fiber network deployments, subscribe to Lightwave’s Service Providers and Datacom/Data Center newsletters.