EU regulators are set to clear Broadcom’s $69bn acquisition of cloud software company VMware, leaving competition authorities in the UK and US as holdouts to finalising one of the biggest tech takeovers.
The European Commission, the executive body of the EU, will say on Wednesday that it has accepted Broadcom’s concessions that VMware’s software will remain operable with rivals’ hardware, said four people with knowledge of the matter.
That measure has proven enough to address the concerns of competition authorities in Brussels, without the need for Broadcom to sell parts of the VMware business, these people said.
Read the full story on the Financial Times here.