Broadcom and VMware have mutually agreed to postpone the completion date of their $61 billion merger by 90 days.
The original deadline was set for February 26, 2023, however, the deal is now expected to close May 26.
The takeover is the second biggest in the channel this year but has unleashed a pack of wild regulators. In the EU and across the pond.
The EU competition watchdog said it will decide by June 7 whether it will hit the brakes on the deal or give it the greenlight.
In December the European Commission opened an “in depth” investigation of Broadcom’s $61 billion acquisition of VMware, citing concerns that Broadcom could turn off rivals’ access to the virtualisation all-star once the deal closes.
This followed the announcement in July by the US Federal Trade Commission that it too was taking a deeper “second request” look at the merger.
Meanwhile in the UK, the Competition Markets Authority stepped in to probe whether the buy would result in a “substantial lessening” of competition within any market or markets in the UK for goods or services.
