Broadcom’s acquisition of VMware gets conditional approval from European Commission

The European Commission has given Broadcom, a leading global technology firm specializing in semiconductor and infrastructure software solutions, conditional approval to proceed with its acquisition of VMware.

This approval from the Commission is a recognition of the acquisition’s potential to stimulate growth in the multi-cloud ecosystem, broaden customer choices, and fuel innovation and competition.

Broadcom has also secured legal merger clearance in Australia, Brazil, Canada, South Africa, and Taiwan, as well as foreign investment control clearance in all required jurisdictions. Despite the firm’s belief that the VMware acquisition will bolster competition and innovation in the cloud computing sector, Broadcom has proposed a technology access remedy to the European Commission to preserve interoperability.

This proactive measure was taken by Broadcom to fully address any concerns expressed by the European Commission. The company welcomes the Commission’s decision to accept this access remedy and looks forward to cooperating further with global regulators.

Broadcom is optimistic that regulators will conclude that the Broadcom-VMware combination will enhance competition in the cloud and provide enterprise customers with greater choice and control over their workload locations. Broadcom still anticipates the transaction will be finalized in its fiscal year 2023.