Broadcom Inc.’s proposed $61 billion takeover of cloud-computing company VMware Inc. faces an extended European Union review, after EU regulators warned that the deal could lead to “higher prices, lower quality and less innovation” for business customers.
Margrethe Vestager, the EU’s antitrust chief, said in a statement on Tuesday that an initial investigation highlighted risks that “after the merger, Broadcom could prevent its hardware rivals to interoperate with VMware’s server virtualisation software.” The EU set a new deadline of May 11 to review the deal, saying that its decision to open an in-depth probe doesn’t prejudge the final ...
