What loser will say?
17 replies (most recent on top)
No alarm bells ring in that description, deal is done. Prepare to be Hocked.
@tth+1pHbXVST so much saltiness, enjoy the unemployment line
- Review and decision
In view of the fact that the concentration of this operator in the non-public cloud virtualization software, Fibre Channel adapter, storage adapter and Ethernet network card market has or may have the effect of eliminating or restricting competition, according to the additional restrictive condition commitment plan submitted by the reporting party, the State Administration for Market Regulation has decided to approve the concentration with additional restrictive conditions, requiring the parties to the transaction and the entity after the concentration to perform the following obligations:
(1) When selling Broadcom's Fibre Channel adapters, storage adapters, Ethernet network cards (hereinafter referred to as "related hardware products") and Weirui's server virtualization software to the domestic market in China, it shall not tie in in any way or attach any other unreasonable trading conditions without justifiable reasons; shall not hinder or restrict customers from purchasing or using the above products alone; and shall not discriminate against customers who purchase the above products separately in terms of service level, price or function.
(2) Continue to ensure the interoperability of Verric's server virtualization software with third-party related hardware products sold in the domestic market.
(iii) Broadcom's Fibre Channel Adapter Certification team will continue to develop, certify, and release drivers for Broadcom's Fibre Channel adapters to ensure interoperability with third-party server virtualization software.
(4) Employing protective measures for the confidential information of third-party hardware manufacturers, including but not limited to signing confidentiality agreements with third-party hardware manufacturers, clarifying the scope of information use, storing confidential information separately, ensuring the separation of relevant personnel, and prohibiting cross-employment.
(5) [Confidential Information]
(6) [Confidential Information]
In addition to the supervision and implementation of restrictive conditions, the additional restrictive conditions commitment plan submitted by the reporting party to the State Administration for Market Regulation on November 2023, 11 is legally binding on the parties to the transaction and the centralized entity. The above commitments are valid for 20 years from the effective date and are automatically terminated upon the expiration of the period.
The SAMR has the right to supervise and inspect the reporting party's performance of the above obligations by supervising the trustee or on its own. If the reporting party fails to perform or violates the above obligations, the SAMR will deal with it in accordance with the relevant provisions of the Anti-Monopoly Law.
This decision shall take effect on the date of announcement.
I see commands stating about us security concerns, what has to to with us security buddy? Do you all VMware guys think you have created so called shielded f king software that cannot be replicated by anybody. Anybody in rural Sudan can develop this sh-t, nutanix moving forward with simplicity and winning admins heart. VMware so called nonsense sw need multiple layer of setup. Other than esxi all su-ks. Not making any impacts. Bullying customers will come to end Soon.
@lcm+1pHbXVST They require supervision to ensure that the restrictions are followed, not access to proprietary information. There’s no need for anti-china rhetoric.
ahahaha!!! Some of you can't admit defeat. The deal is done.
"After reading the entire “restrictions” converted to English- I now have serious reservations about the deal. Will be interesting to see if shock Tan follows through- as there is a huge security risk of allowing Chinese auditors tip toe into US software. If I am Biden- I immediately create a task force and put a hold on this while working behind the scenes to STOP IT as the restrictions let the camel toe of Chinese surveillance in the tent."
After reading the entire “restrictions” converted to English- I now have serious reservations about the deal. Will be interesting to see if shock Tan follows through- as there is a huge security risk of allowing Chinese auditors tip toe into US software. If I am Biden- I immediately create a task force and put a hold on this while working behind the scenes to STOP IT as the restrictions let the camel toe of Chinese surveillance in the tent.
What are the conditions?
I'll hold off on counting that particular chicken.
A lot of people on here are going to realise they were talking garbage about Broadcom.
https://www.streetinsider.com/Corporate+News/China+Conditionally+Approves+Broadcom+%28AVGO%29+-+VMware+%28VMW%29+Acquisition/22439649.html
https://www.samr.gov.cn/fldes/tzgg/ftj/art/2023/art_cae805a5e37d489ea929af8a4a369f6b.html
Approval is posted on the SAMR website
Sources?
Link? I would have assumed the same due to the pre-market rise, but cannot find any info.
Wow, a lot of people on here going to have to eat their words