U.S. chipmaker Broadcom will seek early European Union antitrust approval of its proposed $61 billion buy of cloud computing company VMware by pointing to competition from Amazon, Microsoft and Google, people familiar with the matter said.
Tech deals have drawn intense scrutiny from regulators around the world concerned about power concentration in a few players and the possibility of bigger companies acquiring start-ups only to shut them down.
“This (deal) is creating more competition in the cloud market where there are very big players now. This doesn’t have to go to phase two at all,” one of the people said, referring to the European Commission’s four-month long second phase investigation.
Read more: Reuters
