Broadcom Chief Looks To Convince EU On $61 Billion Deal For VMware

BRUSSELS: U.S. chipmaker Broadcom’s Chief Executive Hock Tan on Friday will attempt to persuade EU antitrust enforcers that his proposed $61 billion 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 greatest 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 businesses 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 might limit 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 acquainted with the matter instructed Reuters final yr.

Broadcom is anticipated to supply treatments within the coming days after the oral listening to. The EU deadline for a call is June 21, which shall be prolonged as soon as concessions are submitted.

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