VMware Stock Drops on China Deal Concerns for Broadcom Acquisition
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VMware saw substantial declines as deal spread widened over concerns about behavioral remedies asked by China's SAMR for Broadcom's acquisition.
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It's unclear what remedies China is asking, concerning markets that it could interact with chip bans and export restrictions.
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Consensus is that China likely won't ask the impossible of Broadcom regarding tech sharing of restricted hardware.
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But decline reflects possibilities of deal failing in a more economically nationalistic world.
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Sources say deal should still close, though maybe delayed, and remedies are likely run-of-the-mill considerations.