The deal was approved by China and they pushed the close date to the 12/13th of December? if that is true when will this nightmare end.
So, now it's approved...
... hands up who got an offer?
China asks for two SECRET conditions for approval
From: https://www-streetinsider-com.translate.goog/Corporate+News/China+Conditionally+Approves+Broadcom+%28AVGO%29+-+VMware+%28VMW%29+Acquisition/22439649.html?_x_tr_sl=zh-CN&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp China agrees but puts the following... — read more
Where the trolls at?
"China has blocked the deal" "The deal is dead" blah blah blah
SAMR: decided to approve the concentration of undertakings with restrictive conditions.
Review and decision In view of the fact that the concentration of this operator in the non-public cloud virtualization software, Fiber Channel adapter, storage adapter and Ethernet network card market has or may have the effect of eliminating or... — read more
VMW +17 premarket
What’s going on?
It doesn't matter if layoffs are coming or not
People are focusing on the wrong thing. You get nothing from guessing and expecting. You should be prepared to handle it if and when it happens. If you're prepared, it doesn't matter from that point on what's going to happen in the next week or... — read more
"but in any event prior"
Just to remind everyone, from the Oct. 30 press release: https://investors.broadcom.com/news-releases/news-release-details/broadcom-and-vmware-provide-update-pending-transaction "SAN JOSE, Calif. and PALO ALTO, Calif., Oct. 30, 2023 /PRNewswire/ --... — read more
China cluster fu-k for private equity
Private Equity Firms Trapped in China, Struggle to Sell Assets Private equity firms that amassed more than $1.5 trillion of assets in China in just two decades are now struggling to offload once-promising investments they were counting on for hefty... — read more
If the deal don’t close they will move forward with planned layoffs
I’m in pre sales My leadership is telling us that if this deal falls through they are still moving forward with the planned reorg and layoffs… how are we allowing HT and Broadcom to create this reorganization and layoff and now saying we will move... — read more
I am looking forward for this to drag on for few more weeks
I am now addicted to this anxiety and uncertainty. If deal fails or succeeds I will need to find a new thing to worry about. But what if I won't be able to?
What will VMware do with the $1.5 billion?
Will they invest it back into the business or will they distribute it amongst the C-suite / Board of Directors?
What's the upside to extending / renegotiating?
To all who believe that the deal will be extended past Nov 26, or that if it collapses it will be renegotiated between VMW/BC, what's your reasoning? In my opinion (worth exactly what you paid for it) if Chinese approval doesn't come through, the... — read more
No NYSE pending actions
Is it a sign that there aren’t any VMware related pending actions to suspend the stock? Or since they did it before does it continue to apply from the last suspension?
Does $1.5B termination fee apply if the deal does not get Chinese approval by Nov 26th?
Curious if anyone knows more definitively whether the $1.5B termination fee applies if the Nov 26th deadline comes and goes without Chinese approval, both companies don't announce by that date that they will proceed with the merger except in China... — read more
VMware Insider Trade
Prior to Broadcom & VMware's announcement that their $61B merger is progressing toward closure before a November deadline, efforts were made to reassure investors amidst a prolonged review by China. On Oct 4, lawmaker @KeanForCongress sold his... — read more
OpenAI letter to Board from their employees
Interesting letter to the board members asking them to resign from the employees. Management and board members need to be held accountable. It's been happening way too long across the industry.
Paid to work
If you are still being paid, shouldn’t you still be working?
Likely this week for Announcement Else Not Likely
After spending sometime looking at original merger agreement and ref https://www.barrons.com/articles/broadcom-vmware-stocks-merger-delay-8ae0f7a2 the 3 extensions of 3 months each has been requested, and each extension was requested 5 days prior to... — read more
Don't be naive
People who think this will be done this week just because it's November 26 on Sunday are incredibly naïve. That date is nothing but a formality. I'm guaranteeing you this will drag on into the next year. Don't expect to get any relief for a long time... — read more
This acquisition has actually given me the push I needed to get off my a-s and start looking for new jobs.
I'm of the opinion this merger will just get extended to be honest and I honestly can't be bothered to just see how things work out, on a personal level I can't deal with all this uncertainty....
Unemployment with Severance?
Are we still eligible to receive state unemployment even if we get a severance package? I would assume one of the questions unemployment asks is if we received a severance. Do we still qualify regardless? Do we just say no to that question?
Read the 10K
https://investors.broadcom.com/static-files/d2030782-0993-4f3a-89e8-0a6efd58c552 If you haven't familiarized yourself with the risks that Broadcom lays out, they're worth understanding. You can also do a search for "china" and better understand... — read more
This M&A process needs to evolve..
Countries cannot just ghost the process. There needs to be time limits within which if there are any valid concerns, they needs to be resolved. It cannot be decided based on which side of the bed Xi is waking up on a particular day. I wish for the... — read more
I'm looking forward to this being over
I'm tired of endless speculation, I'm tired of being stressed 24/7, and I'm tired of being stuck in limbo and unable to move forward and determine what my future will be like. And yes, I know I can quit, but only a fool would walk away from a... — read more
What happened at the dinner table
Ray Dalio explains the Chinese position on Taiwan https://youtu.be/xK5TV-HnAp0?si=VwQ2dL5QuoMJjON7 All you semiconductor folks should look at this. Buffet invested in TSMC and immediately pulled out. He never does that.
Why do they set up a stock election?
Why didn’t the merger agreement simply involve 50% cash and 50% Broadcom stock instead of allowing people to choose? This way, there would be no election, no block of selling. Just execute the conversion when the merger happens, and people can sell... — read more
What will likely happen next?
It is very much up to China to give the final approval by next week expected ard Tuesday or Wednesday. If this doesnt happen, since it is a shorten week the board will need to meet up on Nov 26th or after to extend the intent of both companies to... — read more
No one in China cares about bc-vmw deal. No one in bc cares about vmw employee status.
So let us keep waiting and it will end SOON.
After the 26th and post stock plummet
Shareholders should together pursue a material adverse affect lawsuit against Broadcom and sue for not only the termination of the deal and force VMware to exit, beyond the 1.5B in termination fees paid to vmware but for losses incurred for all... — read more
VMW and AVGO executives, a “cloud” of shame is growing
It is time to move the ball. The idle disgrace is untenable. Patience is not free.
Do it! JUST DO IT!!!!
Either way at this point..... just get it done/not done!!!! FfS. Leave us get on with our lives????
Asked AI to come up with a business conversation between Raghu and Hock
[SCENE START] INT. OFFICE - DAY RAGU, a middle-aged man with a haggard appearance, sits nervously across from HOCK, a stern-faced man in his late 50s. RAGU (Pleading) Hock, I know I've made a lot of mistakes. I've been a terrible CEO. I've let... — read more
Magoo Email Provided Clarity
The email Magoo sent out this afternoon really provided a lot of clarity on where things stand. Grateful it was sent.
It's a done deal
Did you not hear the official line? Octane said he got all necessary approvals. Don's listen to rumors. If Octane says he got all approvals, that means it's a done deal! If Octane says China's approval is only slightly delayed for bureaucratic... — read more
So the countdown begins....
We have around 4 working days maybe less with Thanksgiving to close the deal. Right now it's looking unlikely it will close by the deadline date. It's highly unlikely both parties will walk away from the deal, they are too far invested and can't... — read more
Pat Gelsinger
Why is everyone against Magoo when Pat Gelsinger was CEO between 2012 and 2021 and considered to be an hero? One of the best CEO of the world? Is he now doing miracles in Intel been surpassed even by AMD/TSMC and still saying that RISC processors... — read more
We need to do what's best for China and Broadcom
As you know, Chinese economy is suffering badly due to unprovoked sanctions and bullying from America. Broadcom is led proudly by Hock Tan who is ethnic Chinese. I see a lot of cruel and degrading posts about both China and Hock Tan here. This goes... — read more