Skip to content
August 7, 2025
  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • tiktok
MILLENNIUM NEWS 24/7

MILLENNIUM NEWS 24/7

Bridging The Community’s World Wide

  • Home
  • IP TV LIVE
  • PODCAST
  • U.S.News
  • LOCAL ELECTION
  • State News
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • Maine
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Virginia
    • Washington
    • West Virginia
    • U.S. Virgin Islands
  • Politics
  • World News
  • Sports
  • Entertainment
  • Weather
  • Business
  • Health News
  • ADVERTISEMENT
  • About Us
  • Contact us
Live TV

Broadcom planning to complete deal for $69 billion acquisition of VMWare after regulators give OK

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 biggest technology deals ever.

The announcement came soon after Microsoft acquired video game-maker Activision Blizzard for $69 billion, also one of the most expensive tech acquisitions in history.

It took 18 months for Broadcom to get all the regulatory approvals, just days before the merger agreement was due to expire.

The acquisition was able to go ahead after China’s State Administration of Market Regulation said Broadcom’s commitments, submitted Monday, would reduce the impact of the merger.

The massive buyouts are occurring at a time of heightened anxiety because of turmoil on the global supply chain, war in Europe and the Middle East, and rising prices that have the potential to cool both business and consumer activity.

Broadcom’s acquisition plan earlier gained approval from Britain’s competition regulator.

Countless businesses and public bodies, including major banks, big retailers, telecom operators and government departments, rely on Broadcom gear and VMware software. The European Commission, the EU’s executive arm and top antitrust enforcer, cleared the deal after Broadcom made concessions to address its concerns about competition.

Broadcom wants to establish a stronger foothold in the cloud computing market, and VMware’s technology allows large corporations to blend public cloud access with internal company networks. VMware, which is based in Palo Alto, California, has close relations with every major cloud company and provider, including Amazon, Google and Microsoft.

In a statement, Broadcom said it had legal greenlights in Australia, Brazil, Canada, China, the European Union, Israel, Japan, South Africa, South Korea, Taiwan, the United Kingdom, and “foreign investment control clearance in all necessary jurisdictions.”

“There is no legal impediment to closing under U.S. merger regulations,” it said.

There has been a flurry of such deals after technology companies’ shares fell from stratospheric levels attained during the pandemic, making such acquisitions more affordable.

But Broadcom’s CEO, Hock Tan, has been pursuing such deals for years, building out the company with big acquisitions like Symantec for close to $11 billion in 2019, and CA Technologies for about $19 billion the year before.
In an earnings call not long after the deal was announced, Tan described the plan to acquire VMWare as a “very unique opportunity to take our company and its business to the next level.”

About Author

dreamboy

See author's posts

Continue Reading

Previous: More Americans are expected to ‘buy now, pay later’ for the holidays. Analysts see a growing risk
Next: U.S. unemployment claims drop by 24,000 to 209,000, another sign of labor market resiliency

Related Stories

Profits drop at Warren Buffett’s Berkshire Hathaway as it writes down its Kraft Heinz investment

Profits drop at Warren Buffett’s Berkshire Hathaway as it writes down its Kraft Heinz investment

What consumers can expect from import taxes as the US sets new tariff rates

What consumers can expect from import taxes as the US sets new tariff rates

Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve, mid-renovation

Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve, mid-renovation

Entertainment

Emmylou Harris and Brad Paisley are headed for Nashville Songwriters Hall of Fame 1

Emmylou Harris and Brad Paisley are headed for Nashville Songwriters Hall of Fame

Eddie Palmieri, pioneering Latin jazz musician and Grammy winner, dies at 88 2

Eddie Palmieri, pioneering Latin jazz musician and Grammy winner, dies at 88

Lady Gaga leads 2025 MTV Video Music Awards nominations, followed by Bruno Mars and Kendrick Lamar 3

Lady Gaga leads 2025 MTV Video Music Awards nominations, followed by Bruno Mars and Kendrick Lamar

Ozzy Osbourne died of a heart attack, report says, citing death certificate 4

Ozzy Osbourne died of a heart attack, report says, citing death certificate

Flaco Jimenez, Texas accordionist who expanded popularity of conjunto and Tejano music, dies at 86 5

Flaco Jimenez, Texas accordionist who expanded popularity of conjunto and Tejano music, dies at 86

Jeannie Seely, soulful country singer behind hits like ‘Don’t Touch Me,’ dies at 85 6

Jeannie Seely, soulful country singer behind hits like ‘Don’t Touch Me,’ dies at 85

Justin Timberlake says he’s been diagnosed with Lyme disease 7

Justin Timberlake says he’s been diagnosed with Lyme disease

Top News

Emmylou Harris and Brad Paisley are headed for Nashville Songwriters Hall of Fame

Emmylou Harris and Brad Paisley are headed for Nashville Songwriters Hall of Fame

Eddie Palmieri, pioneering Latin jazz musician and Grammy winner, dies at 88

Eddie Palmieri, pioneering Latin jazz musician and Grammy winner, dies at 88

Trump could meet in person with Putin as soon as next week, White House official says

Trump could meet in person with Putin as soon as next week, White House official says

Trump to put additional 25% import taxes on India, bringing combined tariffs to 50%

Trump to put additional 25% import taxes on India, bringing combined tariffs to 50%

  • Home
  • About Us
  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • tiktok
Editor: Nur M Tofader, Home Office: 250 Park Avenue, 7th Floor, New York, NY 10177 Tell: 718 893 0002 (Office), 7188441300, +1212 401 6266, e-mail: Info@millenniuamtv24.com, e-mail: Info@millenniuamnews24.com, Copyright © Millennium News 24/7 | DarkNews by AF themes.