LONDON :Britain's competition regulator provisionally cleared U.S. tech company Broadcom's $69 billion purchase of VMware on Wednesday, saying the deal would not weaken competition in the supply of critical computer server products.The Competition and Markets Authority's (CMA) provisional approval of the take
LONDON :Britain's competition regulator provisionally cleared U.S. tech company Broadcom's $69 billion purchase of VMware on Wednesday, saying the deal would not weaken competition in the supply of critical computer server products.
"After examining the evidence gathered from Broadcom, VMware and other interested parties, an independent CMA panel has provisionally found the deal would not substantially reduce competition in the supply of server hardware components in the UK," the CMA said. The British regulator, which had raised concerns in March that the deal could make servers more expensive, said it would now consult on its provisional approval before issuing a final report by Sept. 12.
The CMA said it explored concerns that the deal could harm the ability of Broadcom's rivals to compete if the merged company were to make their products work less well with VMware's server virtualisation software.
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