BRUSSELS : U.S. chipmaker Broadcom on Friday will try to convince EU antitrust enforcers that its proposed $61 billion bid for cloud computing company VMware, which has triggered regulatory scrutiny on both sides of the Atlantic, is pro-competitive.The company will present its arguments to senior European
BRUSSELS : U.S. chipmaker Broadcom on Friday will try to convince EU antitrust enforcers that its proposed $61 billion bid for cloud computing company VMware, which has triggered regulatory scrutiny on both sides of the Atlantic, is pro-competitive.
The company will present its arguments to senior European Commission officials and their counterparts from national competition agencies as well as lawyers from the EU executive at a closed hearing. Broadcom's request for the hearing came after the Commission last month warned the deal may restrict competition in the market for certain hardware components which interoperate with VMware's software.
The company had hoped that regulators would consider the presence of Amazon, Microsoft and Google in the cloud computing market as proof of strong competition, other people familiar with the matter told Reuters last year. Broadcom is expected to offer remedies in the coming days after the oral hearing. The EU deadline for a decision is June 21 which will be extended once concessions are submitted.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft offers to charge for Teams to address EU antitrust concernsBRUSSELS: Microsoft has offered to charge different prices for its Office product with and without its Teams app to stave off a possible EU antitrust investigation and fine, two people familiar with the matter said. Microsoft has been seeking to address the EU competition enforcer's concerns since last yea
Read more »
Exclusive-Microsoft offers to charge for Teams to address EU antitrust concernsBRUSSELS :Microsoft has offered to charge different prices for its Office product with and without its Teams app to stave off a possible EU antitrust investigation and fine, two people familiar with the matter said.Microsoft has been seeking to address the EU competition enforcer's concerns since last year af
Read more »
Sports events organisers encouraged to secure injunctions against online piracyBRUSSELS : Sports events organisers such as Sky, Canal+ and FIFA should be allowed to secure injunctions against online piracy of live events, the European Commission said on Thursday, following calls from companies for action against a problem that costs them billions of euros annually.The non-binding re
Read more »
EU wants to ramp up ammunition production to help UkraineBRUSSELS: The European Union announced fresh plans to ramp up the large-scale production of ammunition, seeking to both benefit Ukraine while the country is at war with Russia and to improve the blo
Read more »