Cloud computing company VMware Inc and chipmaker Broadcom Inc extended the date by which their $61 billion merger is to be completed by 90 days, according to a regulatory filing on Friday.The new so-called 'outside date' for the deal is May 26, 2023, the filing said. The Broadcom-VMware deal was on
Cloud computing company VMware Inc and chipmaker Broadcom Inc extended the date by which their $61 billion merger is to be completed by 90 days, according to a regulatory filing on Friday.
The Broadcom-VMware deal was one of the biggest announcements globally in 2022, marking the chipmaker's attempt to diversify into the enterprise software segment.Britain's competition regulator in January said it had started the first phase of an investigation into the acquisition, while EU antitrust regulators in February have resumed their investigation and will decide by June 7 whether to clear or block the deal.
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.
VMware, Broadcom to extend merger date by 12 monthsCloud computing company VMware Inc and chipmaker Broadcom Inc plan to extend the date of their $61 billion potential merger by twelve months, according to a regulatory filing on Friday.The companies have delivered to the other a mutual notice to extend the date from its expected close on May 26, 2023, the
Read more »
Google, Twitter, Meta face tougher EU online content rulesBRUSSELS : Alphabet Inc's Google, Facebook parent Meta Platforms Inc and Twitter face stricter EU online content rules according to monthly user numbers published by the companies on Thursday which exceeded the EU threshold.The new rules known as the Digital Services Act (DSA) labels companies with more t
Read more »
As US Supreme Court weighs YouTube's algorithms, 'litigation minefield' loomsWASHINGTON : In 2021, a California state court threw out a feminist blogger's lawsuit accusing Twitter Inc of unlawfully barring as 'hateful conduct' posts criticizing transgender people. In 2022, a federal court in California tossed a lawsuit by LGBT plaintiffs accusing YouTube, part of Alphabet Inc, of restric
Read more »
Vivint hit with $189.7 million verdict for stealing security rival's customersHome security provider Vivint Smart Home Inc owes rival CPI Security Systems Inc $189.7 million for tricking its customers into moving to Vivint's service, a North Carolina jury decided Friday.The federal jury in Charlotte found Vivint sales representatives unlawfully deceived CPI customers into signing c
Read more »
Instagram to roll out new broadcast chat featureMeta Platforms Inc-owned social media platform Instagram will roll out a new broadcast chat feature called Channels, the company's top boss Mark Zuckerberg said in a post on Thursday.
Read more »
Mobile games developer Huuuge stock leaps on buyback plansMobile games developer Huuuge Inc plans to launch an up to $150 million share buyback this quarter following a review of strategic options, it said late on Wednesday, sending the stock sharply higher at the market opening.U.S.-registered Huuuge, which debuted in Warsaw in 2021, launched the review of str
Read more »