EU antitrust regulators pause Broadcom, VMware probe, await data
The European Union’s competition watchdog said it stopped the clock on its investigation on January 31, with effect from January 24.
“This procedure in merger investigations is activated if the parties fail to provide, in time, an important piece of information that the Commission has requested from them,” said a spokesperson for the Commission.
“Once the missing information is provided by the parties, the clock will start again and the deadline for the Commission’s decision will then be adjusted accordingly.”
Broadcom’s move to diversify into enterprise software comes as regulators around the world step up scrutiny of Big Tech deals.
(Reporting by Foo Yun Chee; Editing by Alexander Smith)
By Foo Yun Chee