Broadcom, a developer of semiconductor chips, network equipment and various industrial software, today announced that they have successfully acquired cloud and virtualization software developer VMWare for $69 billion, or around RM323 billion.
The acquisition was first announced in May 2022, and was seen as one of the largest technology company acquisitions at the time, along with Microsoft's acquisition of Activision-Blizzard.
Just like the acquisition, various regulatory bodies such as the SEC (US Securities and Exchange Commission) in the United States, the UK CMA (Competition and Markets Authority) and also the SAMR (State Administration for Market Regulation) in China have to give the final say on whether this acquisition will cause any issues in terms of markets and technology usage patterns in those regions.
Recently, it has been confirmed that the Chinese government, through the CSRC, has given the green light to allow this acquisition to take place, with the regulatory body saying that VMWare software can work with server machine hardware in China, and Broadcom products should be able to be purchased without any problems or restrictions.
Now, looking at the VMWare website, the header image of the website has been changed to VMWare by Broadcom.