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Broadcom's bid to acquire VMware approved with conditions in South Korea

By Jenny Lee ( October 23, 2023, 03:00 GMT | Insight) -- Broadcom has clinched conditional approval from South Korea’s competition watchdog to acquire all shares of VMware, in a deal valued at roughly $61 billion. Central to the regulator's investigation was the compatibility between VMware's server-virtualization software and Broadcom's hardware. The concern was that after the merger, these two products could integrate seamlessly, but this could also lead to diminished compatibility of VMware’s software with hardware components from other competing brands, possibly pushing those competitors out of the market.Broadcom has clinched conditional approval from South Korea’s competition watchdog to acquire all shares of VMware, in a deal valued at roughly $61 billion....

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