TECH - What's Going On With Vmware Stock Thursday? | Benzinga
U.S.'s advanced artificial intelligence technology embargo on China could cost the Broadcom Inc (NASDAQ: AVGO) - Vmware, Inc (NYSE: VMW) deal lest China acts as a spoilsport. Beijing is weighing holding up the $69 billion deal.
China's State Administration of Market Regulation is yet to approve the deal the companies announced in May 2022 and is likely to delay approving the transaction, Financial Times reports.
China's merger and acquisition approvals for U.S. companies require additional consultations with the Ministry of Foreign Affairs and the State Council.
This week, the U.S. divulged plans to halt shipments to China of more advanced ...