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EU clears US chipmaker Broadcom's $61 bn VMware takeover
EU clears US chipmaker Broadcom's $61 bn VMware takeover
Business and Economy
by  AFP

The European Commission approved US chipmaker Broadcom's planned $61-billion takeover of cloud computing firm VMware on Wednesday after the company offered remedies to ease competition concerns. The commission concluded that "the proposed acquisition, as modified by the commitments, would no longer raise competition concerns".