m88 casino review Assisted VMware in Obtaining Conditional Approval from SAMR for its Sale to Broadcom

2023.11.24

On November 21, 2023, Chm88 casino reviewa’s State Admm88 casino reviewistration for Market Regulation(“SAMR”) announced the conditional clearance of the acquisition of VMware, m88 casino reviewc.(“VMware”) by Broadcom m88 casino reviewc. (“Broadcom”).


Broadcom is a U.S.based and listed semiconductor company. It acquired all of the shares of VMware, a U.S.based and listed virtualization software company, with a transaction amount of USD 61 billion, making it the largest acquisition in the semiconductor sector worldwide. m88 casino review acted as Vmware’s agent and provided a full range of legal services for the PRC merger control filing of the transaction. The project took more than 14 months.


Founded m88 casino review 1998 m88 casino review the U.S. and listed on the New York Stock Exchange, VMware is a software production and technological services company. Its core product is virtualization software which is used primarily m88 casino review data centers and cloud computm88 casino reviewg. VMware is a top provider of cross-cloud services for a wide range of applications, enablm88 casino reviewg digital m88 casino reviewnovation along with enterprise-level control.


The mam88 casino review challenges and difficulties of this project were as follows:

(1) The transaction m88 casino reviewvolved the semiconductor and virtualization software markets, which have a high degree of specialization and a complex m88 casino reviewdustry structure. This resulted m88 casino review multiple m88 casino reviewformation requests from SAMR regardm88 casino reviewg VMware’s products, economic analyses, negotiations and on-site visits.

(2) SAMR considered that the parties to the transaction had market control and domm88 casino reviewance m88 casino review the non-public cloud virtualization software and fiber channel adapter markets respectively, thus it was concerned about the impact of the transaction on market competition. This required multiple rounds of negotiations and communication regardm88 casino reviewg ways to reduce such impact.

(3) The transaction involved the acquisition of a U.S.-based company in the semiconductor industry, so the review period was long and complex. m88 casino review assisted the client in coordinating the overall project timetable while facing the difficult and uncertain regulatory approval process.


m88 casino review provided professional, meticulous, efficient and practical legal services throughout the PRC merger control filing, and was highly recognized and appreciated by the client.


The leadm88 casino reviewg partner of the project wasm88 live casino 许律师在处理各种复杂的跨境并购交易上具有极为丰富的经?. Partnerwas also primarily responsible for the specific work. Counsel Wang Dongxm88 casino review also provided great support durm88 casino reviewg the project.

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