Broadcom CEO Seeks to Persuade EU Antitrust Enforcers on $61 Billion VMware Deal

US chipmaker Broadcom‘s Chief Executive Hock Tan on Friday will attempt to persuade EU antitrust enforcers that his proposed $61 billion (practically 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 legal professionals, arrived early Friday morning in Brussels for a closed listening to on one of many largest tie-ups within the historical past of the expertise sector. He declined to remark as he headed into the listening to.

Tan will current his arguments to senior European Commission officers, together with its deputy director basic for mergers Guillaume Loriot, and their counterparts from nationwide competitors companies in addition to legal professionals 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 Commission final month warned the deal could prohibit competitors out there for sure {hardware} parts which interoperate with VMware’s software program.

The firm 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 12 months.

Broadcom is anticipated to supply treatments within the coming days after the oral listening to. The EU deadline for a call is June 21, which might be prolonged as soon as concessions are submitted.

© Thomson Reuters 2023