Broadcom Confident VMware Deal to Close Despite China Review

Broadcom Inc. and software maker VMware Inc. said their $61 billion merger is on track to close before a November deadline, working to reassure investors while China drags out its review of the deal.

The companies didn’t say in a joint statementBloomberg Terminal on Monday how close they might be to an approval from Chinese regulators — the last major hurdle to completing the deal. But they said there’s “no legal impediment” to closing under US merger regulations. The agreement between the companies expires on Nov. 26. They had maintained until last month that they expected to close by Oct. 30.

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