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Broadcom tells Brazil's CADE deal with VMware won’t result in conglomerate effects

By Ana Paula Candil ( October 24, 2022, 22:27 GMT | Insight) -- US-based semiconductor maker Broadcom has told the Brazilian competition authority it won't have sufficient power in the virtualization software market after its planned $61 billion acquisition of cloud-computing firm VMware to generate concerns with "conglomerate effects." The Administrative Council for Economic Defense had asked the parties to clarify whether they would have incentives and capacity to limit competitors’ access to their services after the deal.US-based semiconductor maker Broadcom has told the Brazilian competition authority it won't have sufficient power in the virtualization software market after its planned $61 billion acquisition of cloud-computing firm VMware to generate concerns with "conglomerate effects."...

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