Broadcom CEO seeks to convince EU on $61 billion VMware deal
Tan, flanked by his executives and lawyers, arrived early Friday morning in Brussels for a closed hearing on one of the biggest tie-ups in the history of the technology sector. He declined to comment as he headed into the hearing.
Tan will present his arguments to senior European Commission officials, including its deputy director general for mergers Guillaume Loriot, and their counterparts from national competition agencies as well as lawyers from the EU executive.
VMware President Sumit Dhawan will appear remotely at the hearing. There are no other third parties at the hearing.
Broadcom’s request for the hearing came after the Commission last month warned the deal may restrict competition in the market for certain hardware components which interoperate with VMware’s software.
The company had hoped that regulators would consider the presence of Amazon, Microsoft and Google in the cloud computing market as proof of strong competition, other people familiar with the matter told Reuters last year.
Discover the stories of your interest
Broadcom is expected to offer remedies in the coming days after the oral hearing. The EU deadline for a decision is June 21, which will be extended once concessions are submitted.
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.