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China's State Administration of Market Regulation has not signed off on the deal and is likely to delay approving the transaction after U.S. President Joe Biden's administration introduced tougher chip controls on Tuesday, the report added. Shares of VMware fell 7.5% in premarket trading on worries of China delaying deal approval.VMWare and Broadcom did not immediately respond to Reuters requests for comment. China's SAMR could not immediately be reached for comment.

On October 16, 2023, Jean Brulard, the Executive Vice President of Worldwide Sales at VMware Inc (NYSE:VMW), sold 5,779 shares of the company.

​​​​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.

Meritage Portfolio Management lowered its stake in VMware, Inc. (NYSE:VMW – Free Report) by 5.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,433 shares of the virtualization software provider’s stock after selling 2,162 shares during the quarter. Meritage Portfolio Management’s holdings in VMware […]

The Nasdaq 100 closed lower by over 200 points on Wednesday. Investors, meanwhile, focused on some notable insider trades.