Broadcom stock is poised to move higher now that the chipmaker has completed its purchase of VMware, analysts say.

Broadcom finally completed its $69 billion acquisition of VMware following approval by Chinese regulators.

Broadcom closed its $69 billion buy of cloud-computing firm VMware after receiving regulatory approval in last major market China and ending a months-long saga.

Broadcom on Wednesday closed its $69 billion acquisition of cloud-computing firm VMware after receiving regulatory approval in last major market China and ending a months-long saga. The deal, one of the biggest globally when announced in May 2022, was the latest in CEO Hock Tan's efforts to boost the chipmaker's software business. China's regulatory approval came through on Tuesday after ongoing tensions with the U.S. around tougher chip export control measures had stoked fears among some inve...

VMware investors are breathing a sigh of relief that the company’s megamerger deal with Broadcom received Chinese regulatory approval and is set to close Wednesday. There had been concern that the cash-and-stock deal that Barron’s estimates is valued at $83 billion might die without Chinese approval because of trade and economic tensions between the U.S. and China. The vast majority of VMware shareholders (ticker: VMW) will get a windfall thanks to the run-up in Broadcom stock (AVGO) since...

Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The company, based in San Jose, California, announced it planned to move ahead with the deal after China joined the list of countries that had given a go-ahead for the acquisition. Broadcom is paying $61 billion in cash and stock for VMware and taking on $8 billion of its debt, making this one of the big...

US chipmaker Broadcom will complete its acquisition of cloud software company VMware on Wednesday, the two companies announced after China approved the $69bn deal. Beijing approved the merger with some “restrictive conditions”, according to a statement from its anti-monopoly regulator on Tuesday, in a sign China was working to ease trade tensions with the US amid a broader slowdown in its domestic economic growth. “Broadcom and VMware today announced that they have received all required regula...

(Bloomberg) -- Broadcom Inc.’s $61 billion takeover of software maker VMware Inc. won approval from Chinese regulators, albeit with a list of conditions it must fulfill. Most Read from BloombergSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnOpenAI in ‘Intense Discussions’ to Quell Potential MutinyBinance and CEO Plead Guilty, Agree to Pay Billions in FinesCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsof

Broadcom plans to close on its merger with VMware on Wednesday after getting conditional approval for the deal Tuesday from China’s antitrust regulator. China’s State Administration for Market Regulation, or SAMR, issued a statement granting the conditional approval Tuesday. In a press release Tuesday, the two companies said they “have received all required regulatory approvals and intend to close Broadcom’s acquisition of VMware on November 22, 2023.”

Broadcom said it planned to close its $69 billion acquisition of cloud computing firm VMWare on Wednesday, wrapping up one of the biggest takeover deals in the technology industry that was closely scrutinized by regulators globally. The chipmaker has now received all regulatory approvals for the purchase after China approved the acquisition with additional restrictive conditions earlier on Tuesday, it said. Some investors in the companies had feared about the outcome of the deal after reports ...