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VMware falls 11% on speculation China may hold up Broadcom deal

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© VMware falls 11% on speculation China may hold up Broadcom deal

VMware (NYSE:) shares plunged 11.6% in early Tuesday trade amid speculation about the outcome of China’s review of the company’s blockbuster sale to Broadcom (NASDAQ:).

AVGO shares declined more than 3%.

While there don’t appear to be issues with the proposed remedy, the China regulator might require additional time to complete its review.

The deal could also be impacted by today’s decision of the U.S. government, which has further restricted the sale of Nvidia’s (NASDAQ:) high-end chips designed specifically for the Chinese market.

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