...they will just keep "examining" the deal until the clock runs out. Then they can say "we didn't reject it, we just didn't have enough time". The end result is the same, but they save face politically on the world stage.
They don't care one way or another about BC or VMw, we are just pawns in a geopolitical game.
https://fortune.com/2023/08/16/intel-tower-semiconductor-merger-acquisition-fails-receive-china-regulatory-approval/
A $5.4 billion acquisition of Israeli chip manufacturer by Intel has been called off after China failed to sign off on the deal amid rising tensions with the United States.
The scuttled deal between the two companies comes amid increasing U.S.-China tensions, particularly as the U.S. has tightened export controls and imposed restrictions aimed at crippling China’s ability to purchase and manufacture advanced chips.
In response, China’s antitrust regulator, the State Administration for Market Regulation, appears to have dragged its feet on approving mergers involving American companies, such as the Intel-Tower deal.
Intel Corp. will pay Tower a termination fee of $353 million, the U.S. semiconductor giant said. Tower’s U.S. traded stock fell more than 9% at the opening bell and more than 10% in Tel Aviv.
$1.5B is only if they back out before 11/26. After 11/26, no termination fee and they can walk scott free.
time for him and vmware leadership to suffer just like how they let us employees suffer with immense stress and uncertainty...
It's my understanding that Broadcom is on the hook for $1 5B if the acquisition doesn't complete. Since there was no plan "B" VMware management should distribute it among it's employees as it restructures back.
You okay, Hock?
Nonsense. Hock the man will pull this one through. You will see. He will convince the Chinese he can help them fight US sanctions and destroy America.
Fu-k all of you who don't believe in his power or authority
Thanks for the insight OP. Did you do your own research to come to that conclusion or regurgitate what that from one of the 19292938 sites it's posted on?
Post from TheLayoff.com
Didn’t the chip debacle just happen?
What are broadcom's options in that case? This will happen again in future when Broadcom tries to acquire some other company. What is their long term solution to this?
That's the way how China blocks a deal, which is approved by other countries.
Why didn't Broadcom already know that and move ahead so far?