Broadcom Inc.’s $61 billion takeover of VMware Inc. was cleared by the UK’s antitrust watchdog, paving the way for one of the largest-ever tech deals.
The Competition and Markets Authority confirmed its provisional decision to clear the deal after finding that it wouldn’t substantially reduce competition in the supply of key computer server products, according to a statement on Monday.
VMWare shares rose 1.6% in early trading on Monday before New York exchanges opened. Broadcom declined less than 1% in premarket trading after closing at $825.84 on Friday.
Broadcom’s chips go into smartphones and home networking — in addition ...
