The merger and acquisition activity in 2023 was mainly driven by deals made in the technology sector. Two agreements in particular, both valued at $69 billion, enjoyed all the buzz this year.
Microsoft Corp.'s road to acquiring Activision Blizzard was anything but easy. While the initial announcement was...
Although the boom in the technology sector that swept the markets during the COVID-19 pandemic was a tough act to follow, the industry has gone through a rather solid year in 2023, as the companies managed to somewhat recover from last year's underwhelming results, despite soaring inflation...
Broadcom Inc. will reportedly cut the jobs of many VMware Inc. employees following Broadcom's formal closing of the $69 billion acquisition of the company, Business Insider wrote on Monday.
Specifically, in an email viewed by Business Insider, Broadcom stated that certain positions will be...
The Korea Fair Trade Commission (KFTC) approved conditionally on Monday VMware's Inc. purchase by Broadcom Inc., claiming that it could interfere with fair competition in the market.
"We have concluded that VMware could take advantage of the position to delay or obstruct interoperability...
China's State Administration of Market Regulation is likely to delay its authorization of Broadcom Inc.'s $69 billion acquisition of VMware, the Financial Times reported on Thursday. According to three people familiar with the matter, the decision to postpone was made partly due to the United States'...
VMware Inc. and Nvidia Corporation announced on Tuesday they will set up VMware Private AI Foundation, aiming to "enable enterprises to customize models and run generative AI applications."
"The platform will be a fully integrated solution featuring generative AI software and accelerated...
Shares of VMware Inc. climbed over 6% in the premarket hours on Monday after receiving final approval from the British regulator on its $69 billion merger agreement with Broadcom Inc., marking an end to the country's inquiry into the transaction.
According to the United Kingdom regulatory...
The United Kingdom Competition and Markets Authority (CMA) granted final approval for Broadcom's $69 billion acquisition of VMware on Monday following an "in-depth" investigation which showed that the merger would not "substantially reduce competition in the supply of server hardware...
Broadcom is reportedly planning cuts to VMware's non-engineering staff, Insider reported Thursday, citing sources with knowledge of the matter. According to the report, the company is set to close its $61 billion acquisition of VMware. Thus, employees expect layoffs after the deal...
VMware Inc.'s shares popped in the premarket on Wednesday after the latest developments regarding the possible merger with Broadcom Inc., valued at $69 billion.
Earlier, the United Kingdom Competition and Markets Authority (CMA) said that it has provisionally greenlighted the agreement, as an...
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