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© Reuters. FILE PHOTO: A smartphone with a displayed Broadcom brand is positioned on a pc motherboard on this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/
By Foo Yun Chee
BRUSSELS (Reuters) – U.S. chipmaker Broadcom (NASDAQ:) has supplied interoperability treatments in an effort to handle European Union antitrust issues over its $61 billion VMware (NYSE:) bid, folks aware of the matter stated.
Broadcom submitted its proposal on Tuesday, a European Fee submitting confirmed. The EU competitors enforcer, which didn’t present particulars in keeping with its coverage, prolonged its deadline for a call to July 17.
Broadcom could prohibit competitors in some {hardware} elements which interoperate with VMware’s virtualisation software program, the Fee warned the corporate final month because it laid out its issues.
Broadcom Chief Government Hock Tan had been in Brussels earlier this month to attempt to persuade EU antitrust enforcers that the corporate’s bid for cloud computing firm VMware – one of many greatest tie-ups within the historical past of the tech sector – was helpful to competitors within the sector.
The corporate has hoped regulators would think about the presence of Amazon (NASDAQ:), Microsoft (NASDAQ:) and Google (NASDAQ:) within the cloud computing market as proof of sturdy competitors, different folks aware of the matter instructed Reuters final yr.
On Wednesday, Broadcom reiterated its intention of closing the VMware transaction within the 2023 fiscal yr, and added it was making progress with numerous regulatory filings concerning this deal around the globe.
“Whereas we preserve that this deal doesn’t current any competitors points, we’ve got made a proposal to handle absolutely the issues expressed by the European Fee,” stated Broadcom.
“The mix of Broadcom and VMware is about enabling enterprises to speed up innovation and increase selection by addressing their most advanced know-how challenges on this multi-cloud period, and we’re assured that regulators will see this after they conclude their overview,” it added in a press release.
(This story has been refiled so as to add dropped phrase ‘interoperability’ to the headline)
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