European antimonopolschiki approved the purchase of a Brocade company Broadcom for $ 5.5 billion

In November last year it became known that Broadcom buys the company Brocade Communications Systems for $ 5.9 billion. Then it was announced that the transaction is expected in the second half of the 2017 financial year, which have Broadcom began on 31 October, subject to the approval of shareholders and regulators.

At the end of this week, a source reported that the European Commission approved the transaction, provided that buyer will cooperate with competitors and protect confidential information of third parties.

Recall, Broadcom plans to pay for all the shares of Brocade 5.5 billion dollars. Another 0.4 billion needed to pay off debts Brocade.

Source: Reuters


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