To win approval, Broadcom agreed to a 10-year deal that gives main rival Marvell and any competitors that emerge guaranteed access to Broadcom’s source code around its Fiber Channel Host-Bus Adapters
"The Compensation Committee took into consideration the leadership impact in achieving operating plans and MBOs during a challenging period of uncertainty associated with the acquisition"
The European Commission tells CRN it has "no comment on this", writing "the provisional deadline for the Commission to make a decision on this transaction is 17 July"
"I would say at least half the growth is still on our traditional business. The other half may be out of generative AI," Broadcom CEO Hock Tan tells investors
The European watchdog is concerned Broadcom may restrict competition
The CMA is investigating on the basis that the merger could restrict competition in the UK
The outside date of the mammoth merger has been pushed back to late May
The European Commission has announced an “in depth” investigation of the merger between the two companies
Net income spiked almost 70 per cent in Q4
The group’s Q3 results were stagnant, however the vendor did see a double-digit uplift in subscription and SaaS revenues