United Kingdom: Issued CMA ruling approving the Broadcom and VMware merger
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Description
Issued CMA ruling approving the Broadcom and VMware merger
On 21 August 2023, the UK Competition and Markets Authority (CMA) concluded its investigation into Broadcom and VMware merger and approved the acquisition. The CMA found that the proposed deal would not substantially reduce competition and stated that "the potential financial benefit (...) would not outweigh the potential financial cost in terms of lost business". The CMA also found that the merger would not harm innovation since sharing information with VMware would occur when it's too late for Broadcom to profit from it commercially.
Original sourceScope
Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
semiconductors, infrastructure provider: cloud computing, storage and databases
Implementation Level
national
Government Branch
executive
Government Body
competition authority
Complete timeline of this policy change
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2022-11-21
in consultation
2022-12-06
processing consultation
2023-01-25
under deliberation
2023-03-22
under investigation
2023-03-29
under deliberation
2023-04-21
in consultation
2023-05-09
processing consultation
2023-07-19
in consultation
2023-08-09
processing consultation