The UK Competition & Markets Authority has cleared Broadcom Inc's planned acquisition of VMware Inc, after an in-depth phase 2 investigation.
Broadcom, a California-based semiconductor manufacturer, plans to buy California-based cloud computing company VMware for around $69 billion.
Broadcom expects that the transaction will close in its current financial year, which ends in late October.
The CMA's announcement comes weeks ahead of its own set deadline of September 12.
The CMA said it "has found that the potential financial benefit to Broadcom and VMware of making rival products work less well with VMware's software would not outweigh the potential financial cost in terms of lost business".
Shares in VMware Inc jumped 5.3% while Broadcom shares climbed 3.7%.