Company Of The Day: VMWare
What?
Broadcom’s proposed $61 billion deal to acquire VMWare (NYSE:VMW) has come under regulatory scrutiny in the U.K.
Why?
The antitrust regulator in the U.K said that it was examining whether the deal could result in a “substantial lessening of competition.” The U.S. and the E.U. are also taking a closer look at the deal.
So What?
Although the deal is focused on diversifying Broadcom’s business into areas such as enterprise software, regulators are likely concerned about the size of the deal.
| Returns | Nov 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| VMW Return | 4% | 1% | 48% |
| S&P 500 Return | 2% | -17% | 76% |
| Trefis Multi-Strategy Portfolio | 2% | -21% | 213% |
[1] Month-to-date and year-to-date as of 11/21/2022
[2] Cumulative total returns since the end of 2016