On 21 April 2023, the UK Competition and Markets Authority (CMA) published and opened a consultation until 9 May 2023 on an “Issues Statement” as part of Phase 2 of its market investigation into the acquisition of VMware, a provider of multi-cloud services, by Broadcom, a supplier of semiconductor and infrastructure software products. The “Issues Statement” provides a framework for the investigation and outlines the CMA;s approach to assessing whether the merger would result in a substantia lessening of competition and possible remedies, among other issues.
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