HomeTechnologyBroadcom gets EU antitrust approval on VMware acquisition deal - UnlistedNews

Broadcom gets EU antitrust approval on VMware acquisition deal – UnlistedNews

American chipmaker Broadcom won EU antitrust approval on Wednesday for its proposed acquisition of cloud computing firm VMware for $61 billion (nearly Rs. 5,00,300 crore) after offering solutions for help rival Marvell Technology.

The deal, the largest in Broadcom’s history, will help the chipmaker diversify into enterprise software.

Broadcom has offered Marvell and other rivals interoperability commitments related to its Fiber Channel host bus adapters (FC HBAs), a type of storage adapters, the European Commission said, confirming a Reuters story last month.

Marvell and other rivals will have “guaranteed access to interoperable application programming interfaces, as well as materials, tools and technical support necessary for the development and certification of third-party FC HBAs,” the EU competition body said.

Marvell and other rivals will also have guaranteed access to the source code of all current and future Broadcom FC HBA drivers through an irrevocable open source license.

“The commitments offered by Broadcom will allow its only rival, Marvell, to continue to compete on a level playing field and ensure similar protection for any future entrants,” EU antitrust chief Margrethe Vestager said in a statement.

The US Federal Trade Commission and the UK competition agency are also looking into the deal.

“We continue to make progress with our various regulatory filings around the world, having received legal merger clearance in Australia, Brazil, Canada, the European Union, South Africa and Taiwan, and foreign investment control clearance in all necessary jurisdictions,” Broadcom said. . in a sentence.

© Thomson Reuters 2023

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Sara Marcus
Sara Marcushttps://unlistednews.com
Meet Sara Marcus, our newest addition to the Unlisted News team! Sara is a talented author and cultural critic, whose work has appeared in a variety of publications. Sara's writing style is characterized by its incisiveness and thought-provoking nature, and her insightful commentary on music, politics, and social justice is sure to captivate our readers. We are thrilled to have her join our team and look forward to sharing her work with our readers.


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