China has cleared Broadcom’s $69 billion acquisition of VMware, leaving the two companies free to close the transaction on November 22.
Although the deal faced scrutiny from a number of competition regulators across the globe, including in the UK and the EU, the acquisition was ultimately approved by all the necessary jurisdictions ahead of the merger agreement’s expiration date on November 26.
Broadcom was required to seek approval from China’s regulatory authorities because it generates billions in revenue from its business in the country. Approval came days after US President Joe Biden met with President of China, Xi Jingping.
