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Broadcom Gets $28.4B Debt Financing for VMware Purchase

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The gap between Broadcom's proposed $61 billion acquisition of VMware has grown as the Federal Trade Commission (FTC) announced a closed-door meeting.

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The spread increased from $20.54 to $22.04. These notices often spark speculation about the FTC's possible vote on ongoing deals under review.

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While such meetings involve both public and private firms, this instance focuses on VMware and Broadcom.

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This isn't the first time the VMW/AVGO deal spread widened due to an FTC meeting notice.

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A similar situation occurred in April when the FTC listed two new meetings.

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Investors are eagerly awaiting the antitrust regulator's decision, especially since the deal received provisional approval from the UK and the European Commission.

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Besides VMware/Broadcom, other potential deals up for FTC voting include Intercontinental Exchange's acquisition of Black Knight.

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Amazon might also be discussed due to a Reuters report suggesting the company could meet with the FTC before a potential antitrust

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lawsuit against the retailer. The FTC meeting holds significance as it shapes the course of these acquisitions and regulatory actions.