There seems to be a lot of false posturing or unrealistic optimism and fear mongering and hate. The deal will close by the 30th. That's done and done. The deal is approved in the jurisdictions that reflect 99% of the customer and market segments. Anything else may carry beyond the 30th, but that changes nothing.
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@1haj+1p9BBV6r VMware is not a chip manufacturer.
I forgot that VMWare is a chip manufacturer and somehow any of this is relevant
Until the deal actually closes on Oct 30 I will not believe any of it. Next week they could announce that VMW and BC have mutually agreed to extend the date to Nov or Dec. There is no reason to believe anything.
Pffft. The same people said I needed to get the Covid vax or I’d lose my job. How’d those court cases work out in the end?
China could well block this and I will laugh my head off.
Whoever OP is seems to have a very false sense of optimism.
Stock is tanking. Biden has restricted Chinese chips. They’re gonna block and delay like they did with Intel.
Buckle in! More months of not knowing what Tf is going on
Question is whether BC could choose for VMware to exit China and whether that would bypass merger issues?
looks tower doesn't have a significant business in china, similar to vmware, so why china can block it? If intel was worrying and stopped due to its own revenue in china, then isn't it the same for broadcom?
"They will operate as 2 companies in China" how is that even possible?
Vmware will not exist after the deal close. How will it exist only in China?
Who will run Vmware in China?
Looks like the deal is going to fail at the very last minute, like the Intel-Tower deal.
VMW share price is also not being at 180$ is the strongest indicator of deal failing.
They will operate as 2 companies in China, it's already been discussed elsewhere... This is a non issue and no it's not going to hold up the close.
From earlier posts.
- FY2022, Broadcom's revenue in China amounted to 11.64 billion U.S. dollars, while revenues from the United States accounted for 5.92 billion U.S. dollars.
- Read point 9 of this article about China's merger process
https://www.skadden.com/insights/publications/2022/12/2023-insights/more-intense-merger-reviews/demystifying-chinas-merger-review-process
Let that sink in...they essentially made VMware's annual revenue just in China last FY. Plus, BC can't move forward with the global deal without first getting Chinese approval according to Chinese regulations.
It doesn't matter what the Chinese regulators told BC before. They can change their minds last min as they've done numerous times before with foreign/domestic businesses. One example being Jack Ma and Ant Financial, whose blockbuster IPO was cancelled at the 12th hour since he pi---d of the CCP.
Also let's not forget the cancelled Intel-Tower Semi acquisition merger, which was vetoed by China at the last min as payback for Biden's earlier chip restrictions. The deal, which was first announced in February 2022, saw its timeline extended at least two times before Intel decided to walk away from it due to China's rejection.
So this deal is effectively in limbo until China signs off.
Doesn't matter how much integration work happens, delisting talks, executive meetings, or whatever Hock/any other executives say, etc.
Just stating the facts not hoping for some hail mary
NYSE is de-listing VMW.
https://archive.ph/rUJ8R
https://seekingalpha.com/news/4021474-vmware-sets-oct-23-deadline-for-electing-broadcom-deal-consideration
All indications point to it closing on 30th. I know several people who are neck deep in integration work and their activities have suddenly picked up. All work on other key projects have been stopped and more people have been pulled into integration work for next 3 weeks. Those folks say that there is no skipped beat from BC team about any hiccups and they are marching towards 30th close. 8K was filed today about the deadline announcement with a press release. They moved the deadline several times but they did not do such press releases for those. So this must be the last one and final date. Nothing is stopping it now.
I wouldn't be so confident, if I were you. We'll say it again. AVGO's chip business in China will have an impact on Hock's appetite to skirt China's "rule of law". I want to chuckle at the paradox. Trust me. I hope this is not the case
money will not lie. just check vmw stock price and do you see it bounces back to 180?
"Official delisting notice has been issued today by New York Stock Exchange" where did you see this?
Official delisting notice has been issued today by New York Stock Exchange, cannot get any more real than this
Those that think deal isn't closing Oct 30 are not accepting reality... It's over, Oct 29 is the last day VMware is an independent company.
a person was just angered and then you tell him we don't care your opinion at all?!
come on, bc can proceed but i guess it will choose not to, until it got the approval.
"In FY2022, Broadcom's revenue in China amounted to 11.64 billion U.S. dollars, while revenues from the United States accounted for 5.92 billion U.S. dollars. The company generated a total net revenue of 33.2 billion U.S. dollars in FY2022, an increase from the 27.45 billion U.S. dollars made in the previous year." Based on the revenue, Hock needs China's approval to continue doing business in China.
It’s done, period. We need to move on and understand that many of us are will be gone by the end of the month. It is what it is.
Post from TheLayoff.com
Where did you hear this from?
however subject to china approval which Mr Hock will take for sure. Many things floating in slack that China approval is not required which is totally false information. its required
https://www.skadden.com/insights/publications/2022/12/2023-insights/more-intense-merger-reviews/demystifying-chinas-merger-review-process
Read point 9 of this article
Post from TheLayoff.com
Regulations in various countries were a recurring topic in multiple management meetings. It shouldn't come as a surprise, as these discussions were held on multiple occasions. It's important to note that information regarding October 16th was only circulated on this website, and I can only convey what the highest levels of management have discussed.
Stock election deadline was communicated as per Oct 30 timeline, that implies that they are not changing any plans for Oct 30 close
Friday for the first batch. Guaranteed.
Look up BC revenues in China. It’s massive. Try combing both US and EMEA. I wouldn’t be so dismissive
Oh really? Well if the OP is so certain then tell us what your credentials are. What is your proof? Otherwise your words are mere speculation
Letters will be sent in November. Don’t expect them anytime soon.
How do you know? Another speculation?
You know nothing John snow.
Thanks Hock!
ok