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Broadcom Expects Acquisition of VMware Will Close on October 30, 2023

On schedule

Broadcom Inc. affirmed its expectation that its acquisition of VMware, Inc. will close on October 30, 2023, and provided an update on its progress with various regulatory agencies.

On August 21, 2023, it received final transaction approval from the UK’s Competition and Markets Authority. This follows legal merger clearance in the European Union, as well as in Australia, Brazil, Canada, Israel, South Africa, and Taiwan, and foreign investment control clearance in all necessary jurisdictions. In the US, the Hart-Scott-Rodino pre-merger waiting periods have expired, and there is no legal impediment to closing under US merger regulations.

Broadcom continues to work constructively with regulators in other jurisdictions and is in the advanced stages of the process toward obtaining the remaining required regulatory approvals, which it believes will be received before October 30, 2023. Accordingly, together with VMware, it has agreed to further extend the Outside Date as contemplated in the transaction agreement, as will be further described in a Form 8-K to be filed by VMware with the US SEC.

Broadcom is confident that the combination with VMware will enhance competition in the cloud and benefit enterprise customers by giving them more choice and control over where they locate their workloads.

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