The European Commission has said the deal would allow Broadcom to restrict competition in the market for certain hardware components which interoperate with VMware’s software
The European Commission opened an investigation in December, saying the deal, announced last year, would allow Broadcom to restrict competition in the market for certain hardware components which interoperate with VMware’s software.Tech M&A deals have attracted more intense scrutiny on both sides of the Atlantic recently as regulators worry about giant companies acquiring smaller, more innovative rivals.
The Commission will set out its concerns in a statement of objections, the people said. Companies can subsequently ask for a closed hearing to defend their deals in front of senior Commission and national competition officials as well as rivals and the Commission’s lawyers. Broadcom said it would continue its “constructive work” with the Commission. The deal has received the green light in Brazil, South Africa and Canada, while the U.K. competition watchdog is investigating the acquisition.Broadcom has told the EU enforcer that the presence of Amazon, Microsoft and Google shows that there is strong competition in the cloud computing market, other people familiar with the matter told Reuters in October.
Beltug, a Belgian association of CIOs & Digital Technology leaders, and its counterparts France’s Cigref, CIO platform Nederland and VOICE Germany have said that the deal could lead to big prices increases and tougher commercial practices against customers.Your Globe
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Hong Kong police arrest three after model Abby Choi found dismembered in fridgePolice say the accused are set to appear in local court Monday
Lire la suite »
UK's Sunak to meet EU chief in push to finalize Northern Ireland dealLONDON — British Prime Minister Rishi Sunak will meet European Union chief Ursula von der Leyen on Monday in an effort to finalize a new deal for Northern…
Lire la suite »
EU, U.K. on the cusp of Northern Ireland Brexit deal but concerns remainU.K. deputy PM says possible deal to tackle trade, political disruptions created by Brexit in Northern Island
Lire la suite »
B.C. Premier David Eby announces more cost-of-living supports - Terrace StandardB.C. Premier David Eby announces more cost-of-living supports
Lire la suite »