Broadcom-VMware takeover deal finalised after months of wrangling

News Snapshot:

Broadcom has ended a months-long saga and closed its $69 billion deal to acquire VMware after finally being granted regulatory approval in China. The deal closed on November 22 after first being announced in May 2022, having faced delays due to global scrutiny on the basis of regulations, pushing back the date on three separate occasions. The happy ending comes after many expressed concerns that US-China tensions could get in the way of chipmaker Broadcom’s acquisition of cloud computing firm VMware, both headquartered in California. China permits VMware sale to Broadcom Confirmation from China came through on November 22, just...