After VMware shareholders accepted the operation at the end of October, the sale was in the hands of Chinese regulators, as they were the only ones left to accept this operation that had been approved by the United States, the European Union and the United States. The Kingdom is, among other things, another regulator.
“We are thrilled to welcome VMware to Broadcom and bring together our engineering and innovation-focused teams as we take another important step in building the world’s leading infrastructure technology company,” said Hock Tan, president and CEO of Broadcom. .
Broadcom’s focus now is on empowering companies to create and modernize your private and hybrid cloud environments. Broadcom’s primary investment will focus on VMware Cloud Foundation, a suite of software solutions that serves as the foundation for private clouds and hybrid clouds.
Additionally, VMware will offer services for modernize and optimize cloud environments and edge, including VMware Tanzu to accelerate application deployment, as well as Application Networking (Load Balancing) and Advanced Security services, as well as VMware Software-Defined Edge for telecommunications and enterprise edge.
The deal, one of the largest globally when announced in May 2022, is Hock Tan’s latest effort to improve software business from chip manufacturing companies. However, the transaction reached a dead end strict regulatory oversight around the world and the company had to postpone the closing date three times.
China’s regulatory approval, the latest, was completed this Tuesday ongoing tensions with the United States around stricter chip export control measures, which endanger those operations to a meeting between the United States president himself, Joe Biden, and his Chinese counterpart, Xi Jinping.
The European Commission approved the acquisition after Broadcom offered solution to help rival Marvell Technologywhile the UK Competition and Markets Authority (CMA) gave the green light after conducting a thorough investigation.
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