2/18, 2:48 AM (Source: TeleTrader)
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Broadcom, VMware extend merger date until May 2024

Broadcom Inc and VMware Inc announced that they agreed to extend the date of their planned merger by 12 months.

In a regulatory filing with the United States Securities and Exchange Commission (SEC), the companies noted that the date has been extended from May 26, 2023 to May 2024.

In May last year, Broadcom reached an agreement to buy VMware for $61.8 billion. However, the proposed acquisition is being investigation by antitrust regulators in the European Union and the United Kingdom over concerns it would allow the chipmaker to restrict competition.

Baha Breaking News (BBN) / NP