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IT

Broadcom again delays takeover of Brocade, sells some data centre ops to Extreme

Tuesday 3 October 2017 | 14:53 CET | News
Broadcom has again delayed the closing of its planned takeover of Brocade, as it awaits clearance by US regulators. The deal is now expected to close on 30 November. Broadcom said talks with the Committee on Foreign Investment in the United States (CFIUS) have resulted in the group withdrawing its application for merger clearance to the committee. It has refiled the application, after which CFIUS will have 45 days to consider the deal. Brocade added that the merger agreement remains in full force and effect.

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Categories: Fixed / IT
Companies: Broadcom / Brocade / Extreme Networks
Countries: World
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