Wednesday, July 19, 2023

The UK CMA provisionally clears Broadcom's $61B acquisition of VMware, after finding that the deal would not harm competition; the deal still needs US approval (Katharine Gemmell/Bloomberg)

Katharine Gemmell / Bloomberg:
The UK CMA provisionally clears Broadcom's $61B acquisition of VMware, after finding that the deal would not harm competition; the deal still needs US approval  —  - CMA looks to clear technology deal after an in-depth review  — The decision follows a green light from its EU counterpart



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...