BRUSSELS : 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
BRUSSELS : 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.
"Once the missing information is supplied by the parties, the clock is re-started and the deadline for the Commission's decision is then adjusted accordingly." Broadcom's move to diversify into enterprise software comes as regulators worldwide ramp up scrutiny of deals by Big Tech.
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.
Air raid sirens sound in Kyiv during visit by European leadersKYIV: Air raid alerts sounded across Ukraine on Friday (Feb 3) as European Union leaders were in the country's capital to discuss further sanctions on Russia and Ukraine's prospects of joining t
Read more »
Top EU officials visit Ukraine, show solidarity before war anniversaryEuropean Council president Charles Michel will meet Ukrainian leader Volodymyr Zelensky on Friday. Read more at straitstimes.com.
Read more »
EU-Ukraine wartime summit to deliver on some issues, disappoint on othersKYIV - European Union leaders will meet Ukrainian President Volodymyr Zelensky in Kyiv on Friday. Read more at straitstimes.com.
Read more »
Couple abandons infant at Israel airport check-in counter instead of buying extra ticket: ReportA Belgian couple ditched their baby at a check-in counter at Israel's Ben Gurion International Airport after arriving late for their flight and realising they needed a ticket for the infant, CNN reported on Thursday (Feb 2). The pair were checking in for a Ryanair flight from Tel Aviv, Israel to Brussels,
Read more »
Couple abandons baby at Israel airport check-in counter instead of buying extra ticket: ReportA Belgian couple ditched their baby at a check-in counter at Israel's Ben Gurion International Airport after arriving late for their flight and realising they needed a ticket for the infant, CNN reported on Thursday (Feb 2). The pair were checking in for a Ryanair flight from Tel Aviv, Israel to Brussels,
Read more »
Exclusive-EU's Breton warns of ChatGPT risks, AI rules seek to tackle concernsBRUSSELS/STOCKHOLM :EU industry chief Thierry Breton said new artificial intelligence rules will aim to tackle concerns about the risks of ChatGPT and ensure Europeans can trust artificial intelligence technology, the first comments by a senior EU official amid concerns about the chatbot from OpenAIJust two m
Read more »