Broadcom: VMware-Broadcom Deal Moves Ahead as Go-Shop Period Ends

Most Read from Bloomberg

VMware, which had 40 days to solicit rival offers, may disclose the outcome of that effort, although its plans haven’t been finalized, said one of the people, who asked to not be identified because the matter isn’t public. VMware had until 11:59 p.m. Pacific time Tuesday to solicit other bids, according to the deal announcement in May.

Representatives for VMware and Broadcom couldn’t immediately be reached for comment.

The expiration of the go-shop gets Broadcom past at least one hurdle to the biggest-ever takeover by a semiconductor maker. The clause helped Broadcom secure a merger agreement with the company, a Silicon Valley pioneer that provides virtualization TaboolaPromoted LinksYou May LikeMan Pulls Hidden String In Attic And Discovers Secret Room Filled With…HousediverAfter Centuries 2 Brothers Found The Oak Island TreasureHorizontimesChumlee Lost So Much Weight – This is Him NowCleverstMother sold her child’s bed. 3 days later the buyer made an incredible discovery!The Travel BreezeScientists Have Found a Promising Anti-Cancer Molecule

Merger specialists surveyed by Bloomberg News in May said there was a low probability that a higher bid would emerge and expected the deal to take about 12 months to complete, due to the potential for multiple regulatory reviews.

VMware’s stock has fallen about 8.2% since the deal was announced on May 26, compared with a 3.9% decline in the tech-heavy Nasdaq Composite Index.

Story continues

©2022 Bloomberg L.P.Azsia Johnson’s ex Isaac Argro charged in slaying of NYC momThe ex-boyfriend of the 20-year-old woman who was fatally shot while walking her 3-month-old infant in a stroller on the Upper East Side has been chargedMeta wants to oust workers who ‘shouldn’t be here’Facebook parent Meta wants to cut ties with workers who can’t meet newly raised performance expectations as the company prepares for an economic downturn,ISL 2022-23 | Yendrembam Denechandra Meitei joins Odisha FC for upcoming seasonOdisha FC confirmed that Denechandra Meitei joined the club on a season-long loan from Kerala Blasters. Yendrembam Denechandra Meitei was born in Manipur,Kim Kardashian Scolds Sons Mid-Interview, Bonded with Pete Davidson Over Pimples“Guys, can you stop? This is, like, your first time at work with me. Can you please?” Kim Kardashian was trying to promote her new line of skincare SKKNPSG Transfer News Roundup: Danilo Pereira opens up on playing alongside Lionel Messi; Zinedine Zidane will not take charge at Parc des Princes, and moreParis Saint-Germain (PSG) endured a mixed 2021-22 season. The Parisians won the Ligue 1 title but faltered in the UEFA Champions League once again.Comcast’s Xfinity Stream app comes to Apple TVComcast’s Xfinity Stream app replaced the old Xfinity TV setup in 2017, allowing cable TV subscribers (who haven’t cut the cord yet) to pull up liveDo You Speak English? Work a USA Job From HomeWork from home | Search|SponsoredCategoriesBusinessPost navigation‘Night Sky’ Canceled By Prime Video After One Season – News BrigLos Angeles Lakers agree to 1-year deal for likely starter

Reach Us

You May LikeOG Anunoby, Rudy Gobert and moreBabar Azam is the best player in the world, states Simon DoullTexas teens live-streamed joyride in stolen Audi before fatal car crashEpic Games to take a summer break; Fortnite unlikely to get major updates

Leave a Reply

Your email address will not be published. Required fields are marked *