EU antitrust regulators erred in clearing Broadcom’s VMware deal, cloud industry lobby says

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EU antitrust regulators failed to analyse properly the risks of Broadcom’s $69 billion acquisition of cloud computing firm VMware before clearing the deal, the Cloud Infrastructure Services Providers in Europe (CISPE) has told Europe’s second-highest court.

CISPE, which has 46 members across Europe and both Microsoft and Amazon as associate members, in July challenged the European Commission‘s 2023 approval of the deal at the Luxembourg-based General Court.

“The Commission committed an error in law and manifest error of assessment as regards the impact…



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EU antitrust regulators erred in clearing Broadcom’s VMware deal, cloud industry lobby says



EU antitrust regulators failed to analyse properly the risks of Broadcom’s $69 billion acquisition of cloud computing firm VMware before clearing the deal, the Cloud Infrastructure Services Providers in Europe (CISPE) has told Europe’s second-highest court.

CISPE, which has 46 members across Europe and both Microsoft and Amazon as associate members, in July challenged the European Commission‘s 2023 approval of the deal at the Luxembourg-based General Court.

“The Commission committed an error in law and manifest error of assessment as regards the impact…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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