VMware: Beijing weighs delaying approval of $69 billion Broadcom-VMware deal: report

Beijing is weighing holding up US chipmaker Broadcom Inc's $69 billion purchase of cloud computing company VMware Inc, the Financial Times reported on Thursday. China's State Administration of Market Regulation has not signed off on the deal and is likely to delay approving the transaction after US President Joe Biden's administration introduced tougher chip controls on Tuesday, the report added, citing people familiar with the matter. VMWare and Broadcom did not immediately respond to Reuters requests for comment. China's SAMR could not immediately be reached for comment. China's merger and acquisition approvals for US companies now require additional consultations with [...]