BROADCOM CEO STEPS IN TO SEAL $63B DEAL

Broadcom CEO Hock Tan personally intervened in last-minute talks to close a $63 billion financing deal that will fund Anthropic's chip purchases, agreeing to higher interest rates and stronger guarantees to get wary banks on board. Bank of America, Citigroup, Morgan Stanley and Blackstone are backing the package through a special purpose vehicle that buys Broadcom chips and leases them to Anthropic, with senior debt making up $43.5 billion, or 69%, of the total. Deliveries are set to begin in 2027. $AVGO