Broadcom Inches Closer to Megabond Issue

EU approval paved the way for a proposed acquisition of VMware. Now Broadcom needs $32 billion to fund the deal.

By Josyana Joshua | July 17, 2023 at 08:19 AM

Photo: People wearing protective masks walk past the Broadcom Inc. headquarters in San Jose, California, on March 2, 2021. Photographer: David Paul Morris/Bloomberg

Broadcom Inc. is moving closer to selling a potential jumbo investment-grade bond after scoring approval from the European Union's (EU's) merger officials for its $61 billion acquisition of VMWare Inc.

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