EU antitrust regulators have paused their investigation into Broadcom's $61 billion bid for cloud computing company VMware while waiting for the U.S. chipmaker to provide requested data, the European Commission said on Friday. The European Union competition watchdog said it stopped the clock on its investigation on Jan. 31, effective Jan. 24. "This procedure in merger investigations is activated if the parties fail to provide, in a timely fashion, an important piece of information that the Commission has requested from them," a Commission spokesperson said.
Broadcom's (NASDAQ: AVGO) stock rose about 3.8% over the past 12 months. During that same period, the S&P 500 declined 9.3%, and the PHLX Semiconductor Sector index lost 13.2% of its value. Broadcom outperformed the market and many of its industry peers for four reasons.
PALO ALTO, Calif., January 26, 2023--Antel, the leading Mobile Operator in Uruguay, is working with VMware, Inc. (NYSE: VMW) for a use case driven trial using the VMware Telco Cloud Platform to support a Proof of Concept (PoC).