Broadcom, VMware Agree to Extend Merger Deadline
May 19 2023 - 6:38PM
Dow Jones News
By Denny Jacob
Software maker VMware and Broadcom on Friday mutually agreed to
extend their proposed merger deadline to Aug. 26.
The companies may further extend their deadline if the deal
doesn't occur on or before the date and if all closing conditions
except those related to regulatory approvals have been satisfied,
according to a regulatory filing.
Broadcom announced a $61 billion deal to buy VMware in May 2022
after The Wall Street Journal reported on the talks prior to the
announcement.
VMware Chief Executive Rangarajan Raghuram in April said the
sale to Broadcom is expected to close on schedule in the fall
despite regulatory reviews.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 19, 2023 18:23 ET (22:23 GMT)
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