broadcom vmware employees layoffs: Broadcom to lay off 1,300 VMware employees following takeover: report
Broadcom closed its $69 billion acquisition of VMware on November 22 after receiving regulatory approval from China.
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Broadcom closed its $69 billion acquisition of VMware on November 22 after receiving regulatory approval from China.
Broadcom successfully finalised its acquisition of VMware for $69 billion on November 22, post receiving regulatory approval from China.
The deal has faced significant scrutiny from global regulators, including the UK’s Competition and Markets Authority (CMA), which carried out an investigation into the merger.
Green light from Beijing follows the meeting between Presidents Joe Biden and Xi Jinping in the US last week.
China's State Administration of Market Regulation has not signed off on the deal and is likely to delay approving the transaction after US President Joe Biden's administration introduced tougher chip controls on Tuesday, the report added, citing people familiar with the matter.