Investing

UK competition watchdog starts probe into Broadcom’s $61 billion deal for VMware By Reuters

UK competition watchdog starts probe into Broadcom's $61 billion deal for VMware

© Reuters. The Broadcom Limited company logo is shown outside one of their office complexes in Irvine, California, U.S., March 4, 2021. REUTERS/Mike Blake

(Reuters) – Britain’s competition regulator said on Wednesday it has begun a phase 1 investigation into U.S. chipmaker Broadcom (NASDAQ:) Inc’s $61 billion acquisition of cloud computing firm VMware (NYSE:) Inc.

The Competition and Markets Authority (CMA) said it had until March 22 to make its decision on whether the deal announced in May last year would reduce competition in the UK.

Click Here to Read the Full Original Article at All News…