- Braodcom ( NASDAQ: AVGO ) is expected to see an in-depth European antitrust review of its planned $61 billion purchase of VMware ( NYSE: VMW ), according to a MLex report.
- The full investigation is expected to be announced on Dec. 20 with a deadline for the antitrust body to complete its review in mid May, MLex said.
- The report comes after Broadcom ( AVGO ) filed a request for its Vmware ( VMW ) deal with the European Commission last month and the agency set a Dec. 20 deal.
- Dealreporter on Tuesday said that said Broadcom ( AVGO ) was attending a state of play meeting with the European Commission this week to discus the transaction.
- The Federal Trade Commission's review of VMW/AVGO is said focused on conglomerate effects of the combination, according to a separate Dealreporter item on Tuesday. The FTC is looking at conglomerate effects as there don't appear to any horizontal overlaps besides Endpoint Security and there are no vertical concerns.
- In May, Broadcom ( AVGO ) announced that it was acquiring VMware ( VMW ) for $61B in cash and stock.
For further details see:
Broadcom to face in-depth European probe into VMware deal - report