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VMware falls 11% on speculation China may hold up Broadcom deal By
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IntroductionVMware (NYSE:) shares plunged 11.6% in early Tuesday trade amid speculation about the outcome of Chi ...
VMware (NYSE:) shares plunged 11.6% in early Tuesday trade amid speculation about the outcome of China's review of the company's blockbuster sale to Broadcom (NASDAQ:).
AVGO shares declined more than 3%.
While there don't appear to be Summary of All Forex Dealers in the Worldissues with the proposed remedy, the China regulator might require additional time to complete its review.
The deal could also be impacted by today’s decision of the U.S. government, which has further restricted the sale of Nvidia’s (NASDAQ:) high-end chips designed specifically for the Chinese market.
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