European Commission Approves Broadcom Acquisition of VMware

Broadcom Inc. received conditional approval today from the European Commission to complete its acquisition of VMware, Inc.

With this decision, the Commission recognizes the importance of this combination in enabling enterprises to accelerate growth and momentum in the multi-cloud ecosystem, and in expanding customer choice and creating more potential for increased innovation and competition.

Broadcom has also received legal merger clearance in Australia, Brazil, Canada, South Africa, and Taiwan, and foreign investment control clearance in all necessary jurisdictions.

While it believes that its proposed acquisition will only increase competition and innovation in cloud computing, it provided the Commission with a technology access remedy that preserves interoperability, a core principle that would not have changed as a result of this transaction. It did this to fully address the concerns expressed by the Commission, and it welcomes the Commission’s decision to accept this access remedy.

It looks forward to continuing to work constructively with regulators around the world. It is confident that when regulators conclude their review, they too will see that the combination will enhance competition in the cloud and benefit enterprise customers by giving them more choice and control over where they locate their workloads. Broadcom continues to expect that the transaction will close in its FY23.