Broadcom waiting for European Union before responding to FTC on VMware - report
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Broadcom (NASDAQ:AVGO) is waiting to hear back from the European antitrust regulators on their review of its $61 billion planned acquisition of VMware (NYSE:VMW) before responding to a Federal Trade Commission second request.
Broadcom (AVGO) has completed all the work needed to be done to certify with the FTC, according to a Dealreporter item on Friday, which cited people familiar with the matter. The companies received a second request from the FTC last July. 
Broadcom (AVGO) submitted remedies to the European Commission on May 16, and a market test of the remedies is underway, according to reports from Dealreporter and CTFN. The EC has a July 17 deadline to make a decision on the deal. 
In late March, the UK's Competition and Markets Authority moved its review of VMware/Broadcom into a Phase 2, or an in-depth investigation.
Broadcom's (AVGO) planned $61 billion purchase of VMware (VMW) was extended until Aug. 26 last month. 
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