A Broadcom spokesperson sent this statement to TechCrunch in response to the latest regulatory hurdle:
We look forward to working with the Competition and Markets Authority throughout its process. We are confident that this deal does not present any competition issues. We are making progress with our various regulatory filings around the world and expect the transaction to be completed in Broadcom’s fiscal year 2023.
The combination of Broadcom and VMware is about enabling enterprises to accelerate innovation and expand choice by addressing their most complex technology challenges in this multi-cloud era.
The findings from this will determine what happens next, and if the CMA considers that this acquisition will “result in a substantial lessening of competition” within any U.K. markets, it may pursue a full “phase 1” investigation.
*This story was updated to clarify that the CMA has yet to launch a phase 1 investigation, today’s announcement is an “invitation to comment” (ITC), which is the step before a phase 1 investigation.
Broadcom’s proposed $61B VMware acquisition scrutinized by UK regulators by Paul Sawers originally published on TechCrunch
