Broadcom's bid for $61bn VMware acquisition goes unchallenged as 'go-shop' deadline expires

Broadcom's $61bn takeover deal for VMware may press ahead with no rival bid as a pre-arranged ‘go-shop' clause to allow the virtualisation vendor to find another buyer expired at 23:59 Pacific Time on July 5. The chipmaker giant's May 26 acquisition offer included the 40-day provision, in addition to a commitment to purchase all of the outstanding shares of VMware if a competitor was not found. VMware and Broadcom's channel moving forwards As reported by Channel Partner Insight (CPI),...