US chipmaker Broadcom‘s Chief Executive Hock Tan on Friday will strive to persuade EU antitrust enforcers that his proposed $61 billion (practically Rs. 4,98,300 crore) bid for cloud computing agency VMware, which has triggered scrutiny on either side of the Atlantic, is pro-competitive.
Tan, flanked by his executives and legal professionals, arrived early Friday morning in Brussels for a closed listening to on one of many largest tie-ups within the historical past of the know-how sector. He declined to remark as he headed into the listening to.
Tan will current his arguments to senior European Commission officers, together with its deputy director basic for mergers Guillaume Loriot, and their counterparts from nationwide competitors companies in addition to legal professionals from the EU government.
VMware President Sumit Dhawan will seem remotely on the listening to. There aren’t any different third events on the listening to.
Broadcom’s request for the listening to got here after the Commission final month warned the deal could prohibit competitors available in the market for sure {hardware} elements which interoperate with VMware’s software program.
The firm had hoped that regulators would think about the presence of Amazon, Microsoft and Google within the cloud computing market as proof of robust competitors, different folks conversant in the matter advised Reuters final yr.
Broadcom is predicted to supply treatments within the coming days after the oral listening to. The EU deadline for a choice is June 21, which can be prolonged as soon as concessions are submitted.
© Thomson Reuters 2023
