EU to green light Broadcom's VMware deal on Wednesday, source says

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EU to green light Broadcom's VMware deal on Wednesday, source says
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U.S. chipmaker Broadcom is set to win conditional EU antitrust approval for its $61 billion proposed acquisition of cloud computing firm VMware on Wednesday, a person familiar with the matter said on Tuesday.

Broadcom is a leading supplier of FC HBAs, which are storage adapters that connect servers to storage located outside the server on a storage-area network using the fiber channel protocol.

The VMware deal is Broadcom's largest-ever acquisition as it looks to diversify into enterprise software.The U.S. Federal Trade Commission and the UK competition agency are also examining the deal.

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