Chipmaker Broadcom completes $69bn deal to buy VMware
Computer chipmaker Broadcom has completed its $69bn (£55bn) acquisition of cloud computing firm VMware, wrapping up one of the biggest takeover deals in the technology sector. The deal was scrutinised by regulators around the world ahead of last clearance from China. There were concerns it could be affected by US-China tensions. The approval follows a meeting between Presidents Joe Biden and Xi Jinping at Apec summit in the US last week. American company Broadcom - headquartered in San Jose, California - designs, develops and supplies semiconductor chips while it also offers infrastructure software solutions. VMware - also an American company with headquarters in Palo Alto, California- develops virtualisation software which allows a user to run a virtual computer on a physical computer to increase the efficiency of the computer system. Broadcom's president and chief executive officer, Hock Tan, said they were excited to bring together their teams to build "the world's...