Broadcom Inc.’s $61 billion acquisition of cloud-computing company VMware Inc. is poised to be approved by European Union’s merger officials, paving the way for the world’s biggest-ever takeover for a semiconductor maker.
The European Commission will give the nod as soon as Wednesday after months of negotiations with the firms, according to people familiar with the matter who spoke on condition of anonymity. During the talks, Broadcom signed up to behavioral remedies including promises to import interoperability standards into its technologies to allow rivals to compete more fairly.
Shares of VMware jumped as much as 7.6% to their highest since October 2021 after the Financial Times reported the expected clearance earlier Tuesday. Broadcom declined to comment.
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