https://archive.ph/2023.08.18-182459/https://seekingalpha.com/news/4004433-vmwarebroadcom-spread-seesaws-amid-report-on-china-review-of-deal
Looks like regulators will approve after BC provides remedies.
8 replies (most recent on top)
After hours trading is not something to count on. That could be a variety of reasons like super low volume. Let's see where it opens tomorrow.
If China's approval doesn't matter, why vmware stock went down 5% on friday evening right after this news came out??
“China blocked Intel-Tower deal as a revenge against US chip companies. Going to do the same for Broadcom/VMware deal.”
In an alternate universe where wild pink unicorns roam.
Pretty sure the Dell acquisition moved forward without Chinese approval IIRC. I am not sure China is critical to close and can trail some because that business can be kept somewhat isolated.
So what. Whatever China say or do won’t stop the deal. FTC is all that’s needed next.
China blocked Intel-Tower deal as a revenge against US chip companies. Going to do the same for Broadcom/VMware deal.
“china’s anti-trust regulator”
Now there is an oxymoron!
Vmware stock went down 5% on friday evening, right after this news came out.