Broadcom CEO Seeks to Convince EU Antitrust Enforcers on $61 Billion VMware Deal

Broadcom is expected to offer remedies in the coming days after the oral hearing.

Broadcom CEO Seeks to Convince EU Antitrust Enforcers on $61 Billion VMware Deal

Broadcom's request for hearing came after Commission warned the deal may restrict competition in market

Highlights
  • Tan will present his arguments to senior European Commission officials
  • The EU deadline for a decision is June 21
  • There are no other third parties at the hearing
Advertisement

US chipmaker Broadcom's Chief Executive Hock Tan on Friday will try to convince EU antitrust enforcers that his proposed $61 billion (nearly Rs. 4,98,300 crore) bid for cloud computing firm VMware, which has triggered scrutiny on both sides of the Atlantic, is pro-competitive.

Tan, flanked by his executives and lawyers, arrived early Friday morning in Brussels for a closed hearing on one of the biggest tie-ups in the history of the technology sector. He declined to comment as he headed into the hearing.

Tan will present his arguments to senior European Commission officials, including its deputy director general for mergers Guillaume Loriot, and their counterparts from national competition agencies as well as lawyers from the EU executive.

VMware President Sumit Dhawan will appear remotely at the hearing. There are no other third parties at the hearing.

Broadcom's request for the hearing came after the Commission last month warned the deal may restrict competition in the market for certain hardware components which interoperate with VMware's software.

The company had hoped that regulators would consider the presence of Amazon, Microsoft and Google in the cloud computing market as proof of strong competition, other people familiar with the matter told Reuters last year.

Broadcom is expected to offer remedies in the coming days after the oral hearing. The EU deadline for a decision is June 21, which will be extended once concessions are submitted.

© Thomson Reuters 2023


Apple is opening its first stores in India, one in Mumbai and the other in Delhi. What does this mean for Apple customers in India? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Broadcom, VMware, cloud computing
Bade Miyan Chote Miyan Starring Akshay Kumar, Tiger Shroff to Release on Eid 2024
Paytm Reported 51.5 Percent Rise in Q4 Revenue, Posted Profit for Second Consecutive Quarter
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »