Broadcom CEO Hock Tan has indicated a commitment to “immediately” invest an additional US$2 billion a year to “better unlock customer value” once the proposed VMware acquisition is finalised.
The focus of Broadcom’s investment boost will be on helping enterprises to deploy private clouds and growing the VMware ecosystem.
The global software and services sector created a total of US$431 billion in mergers and acquisitions (M&A) last year.
The investigation relates to concerns of price gouging and decreased competition for hardware components that interoperate with VMware's software.
The UK’s Competition and Market’s Authority will be scrutinising Broadcom’s proposed acquisition of VMware on anti-competition grounds.
By Bharat Bedi, SolarWinds, Head of Sales, APJ
