[ad_1]
US chipmaker Broadcom‘s Chief Govt Hock Tan on Friday will attempt to persuade EU antitrust enforcers that his proposed $61 billion (almost Rs. 4,98,300 crore) bid for cloud computing agency VMware, which has triggered scrutiny on either side of the Atlantic, is pro-competitive.
Tan, flanked by his executives and attorneys, arrived early Friday morning in Brussels for a closed listening to on one of many largest tie-ups within the historical past of the know-how sector. He declined to remark as he headed into the listening to.
Tan will current his arguments to senior European Fee officers, together with its deputy director common for mergers Guillaume Loriot, and their counterparts from nationwide competitors businesses in addition to attorneys from the EU govt.
VMware President Sumit Dhawan will seem remotely on the listening to. There are not any different third events on the listening to.
Broadcom’s request for the listening to got here after the Fee final month warned the deal might prohibit competitors out there for sure {hardware} elements which interoperate with VMware’s software program.
The corporate had hoped that regulators would take into account the presence of Amazon, Microsoft and Google within the cloud computing market as proof of sturdy competitors, different individuals conversant in the matter instructed Reuters final yr.
Broadcom is predicted to supply treatments within the coming days after the oral listening to. The EU deadline for a choice is June 21, which will likely be prolonged as soon as concessions are submitted.
© Thomson Reuters 2023
[ad_2]
Source link
