Broadcom is all set to shake hands with VMware after regulators’ approval

VMware software and Broadcom equipment are essential to countless companies and government agencies

Software and chip manufacturer Broadcom said it has satisfied all regulatory requirements and will close its $69 billion acquisition of cloud computing startup VMware on Wednesday. Following China's inclusion in the list of nations that have approved the acquisition, a California-based company revealed its plans. The announcement followed Microsoft's $69 billion acquisition of Activision Blizzard, the maker of video games, which was one of the priciest tech deals in history. Broadcom needed eighteen months to obtain all the necessary regulatory approvals. The massive buyouts are taking place during a period of increased anxiety brought on by war in Europe and the Middle East, disruptions in the global supply chain, and rising prices that could discourage consumer and business activity.

VMware software and Broadcom equipment are essential to countless companies and government agencies, including large banks, retailers, telecom providers, and government agencies. After Broadcom made concessions to alleviate its competition-related worries, the European Commission—the EU's executive branch and principal antitrust enforcer—approved the deal. A flurry of these deals occurred when the shares of technology companies dropped from the stratospheric heights they reached during the pandemic, which reduced the cost of these acquisitions.