EU to green light Broadcom's VMware deal today, source says
Technology
The U.S. Federal Trade Commission and the UK competition agency are also examining the deal
BRUSSELS (Reuters) - U.S. chipmaker Broadcom is set to win conditional EU antitrust approval for its $61 billion proposed acquisition of cloud computing firm VMware on Wednesday (today), a person familiar with the matter said.
Last month, Reuters reported exclusively that Broadcom had succeeded in addressing the European Commission's concerns regarding its Fibre Channel Host-Bus Adapters (FC HBAs) by offering an interoperability remedy to rival Marvell Technology.
Broadcom is a leading supplier of FC HBAs, which are storage adapters that connect servers to storage located outside the server on a storage-area network using the fiber channel protocol.
The VMware deal is Broadcom's largest-ever acquisition as it looks to diversify into enterprise software.
The European Commission declined to comment.
