My favorite Broadcom $AVGO company is about to rock 🔥.
US chipmaker Broadcom is set to get conditional EU antitrust approval for its proposed $61 billion acquisition of VMware!
We won't have clarity until June 17, the day the authority will issue its decision. What are your preliminary thoughts on this deal and merger?
It's definitely great news for investors. I don't invest in the company and I don't have much interest in it. However, as I watch and read, I think I made a mistake and will take a closer look at the company.
$AVGO is my favorite and I really wanted him in my portfolio. Unfortunately, he never found his way there. 😔
This company is totally out of my league, but 61 billion is a solid amount 🙀
Great news!
Well, hopefully that connection will happen. I have read about the Commission's warning that the transaction could lead to 'higher prices, lower quality and less innovation in the sector.
On the one hand, there is potential, but there is also the risk of overpaying and unmet expectations. I'm a shareholder in $AVGO, so I'll hope for the best, of course.
Now that could be a big deal! Broadcom is a quality company and VMware is a leader in cloud technologies. A merger could help them better compete with companies like $MSFT, $AMZN or $GOOG.