Broadcom’s $61 Billion VMware Buyout Hit by EU Court Challenge

Broadcom's $61 billion acquisition of VMware Inc. has faced a challenge from the European Union (EU) court. The deal, one of the largest tech mergers in history, was approved by the EU earlier this year. However, a cloud computing group has contested the approval, leading to the matter being reviewed by EU judges. The court challenge could potentially delay or even block the acquisition, which Broadcom had hoped to complete by the end of this year. The outcome of the court proceedings could have significant implications for the tech industry, as the deal would significantly expand Broadcom's presence in the enterprise software market. The EU's approval of the acquisition was conditional on Broadcom's commitments to maintain VMware's product roadmap and ensure interoperability with third-party products. The cloud computing group's challenge suggests that there are still concerns about the potential impact of the merger on competition and innovation in the sector.