Broadcom Completes $69 Billion VMware Acquisition in 2025 After Chinese Regulatory Approval
After extensive regulatory review, Broadcom has officially finalized its $69 billion acquisition of VMware in 2025, marking a significant milestone in the tech industry.
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Key Highlights
- Broadcom has officially closed its $69 billion acquisition of VMware following the green light from Chinese regulators.
- This high-profile deal faced multiple delays due to regulatory concerns about market competition.
- Broadcom's stock dipped slightly after reaching record highs earlier in the week.
After a year and a half of regulatory hurdles, Broadcom (AVGO) has successfully acquired VMware (VMW), a leading software company.
Originally announced in May 2022, the $69 billion transaction experienced three regulatory delays amid concerns regarding its impact on competition. The final approval came recently from Chinese authorities, clearing the way for closure.
The deal's completion was uncertain amid ongoing U.S.-China tensions, especially relating to recent export restrictions on technology products. However, diplomatic progress was made last week during a meeting between U.S. President Joe Biden and Chinese President Xi Jinping at an economic cooperation summit in California.
Broadcom CEO Hock Tan emphasized that the merger will empower global enterprises to adopt private and hybrid cloud solutions with enhanced security and resilience.
Following the acquisition, VMware shares were delisted from the New York Stock Exchange (NYSE).
Broadcom's shares saw a minor decline of less than 1% on Wednesday after peaking at an all-time high earlier this week.
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