Broadcom Finalizes $69bn Acquisition of VMware

The deal, one of the largest in the tech sector, received global regulatory approval despite US-China tensions.

Broadcom has completed its $69 billion acquisition of cloud computing firm VMware, one of the largest takeover deals in the technology sector.
The deal faced scrutiny from regulators globally, with the final clearance coming from China, despite concerns over US-China tensions.
Broadcom and VMware aim to create private and hybrid cloud environments, enhancing the efficiency of computer systems.
VMware shares will cease to be traded on the New York Stock Exchange following the deal.
Broadcom CEO Hock Tan has described the acquisition as a 'very unique opportunity to take our company and its business to the next level.'