Price Action: AVGO shares traded higher by 0.10% at $625.34 on the last check Wednesday.Broadcom shares gained 13% YTD versus the broader index SPDR S&P 500 SPY, which gained 5%.The deal would further Broadcom's push into software, nearly tripling the size of the company's software division.The SES Mac client is only supported on macOS 10.15.x and 11.x with the SES Mac agent build 14.3 RU1 and newer. Federal Trade Commission sought information about the deal from the companies. The Symantec Endpoint Security (SES) client for Mac is cloud-based and managed by the Integrated Cyber Defense Manager (ICDM) web page. The Commission now has until May 11, 2023, to decide.Another examination point is whether Broadcom may start bundling VMware's virtualization software with its software reducing choice and potentially foreclosing rival software providers.
The watchdog will also examine whether Broadcom may hinder the development of SmartNICs by other providers.The Commission's preliminary investigation indicated restricted competition in the supply of NICs, FC HBAs, and storage adapters leading to higher prices, lower quality, and less innovation for business customers and consumers.Last December, the European Commission launched an in-depth investigation to assess, under the EU Merger Regulation, the proposed acquisition.On March 22, 2023, Broadcom informed the CMA that it would not offer any undertakings to the CMA in the five days after it published its concerns.The Phase 2 investigation has a statutory deadline of September 12, 2023.Broadcom is a dynamic, diversified technology leader with. On March 29, Britain's Competition and Markets Authority referred to the anticipated takeover of Vmware, Inc VMW by Broadcom Inc AVGO for an in-depth investigation for concerns over the substantial lessening of competition within the U.K. is a global infrastructure technology leader built on 50 years of innovation, collaboration and engineering excellence.
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