I'm not sure if anybody here needs to hear this, but the acquisition is a done deal. Several people I work with keep trying to convince me that it can still fall through and nothing I say can convince them otherwise. The level of self-delusion is impressive. In any case, if you're banking your future on this deal failing, don't. The deal will go through. Everybody should be preparing accordingly.
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There's ZERO similarities to Qualcomm deal, there were actual anti-trust issues and the desperate people grasping at that straw forget no one stopped bcom from getting CA and symantec AFTER that.
Also zero similarities to the nvidia-ARM deal
The Qualcom deal didn't happen because Broadcom was based out of the country at the time, and they wouldn't allow a company based in Asia to buy Qualcom simply because of it. Broadcom has not rectified that issue by changing the base of the company to San Jose over 4 years ago. With 10000000% certainty this deal will close and sooner than you all think.
Looks like everyone forgot about Broadcom’s failed acquisition of Qualcomm. Nothing is guaranteed until it closes.
someone mentioned in another thread, everything would have to line up for it to close in Nov. Hock would literally be considered the greatest deal closer of all time if it happens. The regulatory stuff is just too much to overcome, look at Msft-Activision, that's taken 6 months already, and it blows my mind how the UK/EU/FTC made up anti-trust issues with that deal.
will it take a full year? prob not, the rumored goal of feb/mar 2023 makes sense
There is a misunderstanding of how Broadcom works in a takeover. When Hock says completed in financial year starting Nov he means completed. Not started. Completed is 100% integrated. They move fast. Expect to have a Broadcom email address before Xmas. Some countries with workers rights will be slower but not much slower.
@kui+1hTRn5lp I have read the SEC filing myself. Every shareholder of vmware will be given choice to select cash, avgo stock or a mix of both. There is a catch. This option will be applicable only to the shares that are in float, which is around 50% of total shares. The reserved shares won't have any choice - those will be converted by force to meet the 50/50 requirement. So my understanding is due to the float/reserved shares being treated separately, every holder of shares (float shares) will be able to get what they choose or very close to that. It won't be exact 50/50 cash to avgo share, it can be 70/30 or something like that, which will lower the impact of price of avgo. Most people don't get it - I guess. My understanding is correct if the publicly available info about what % of vmw shares are in float, is correct.
The deal is to be closed by the end of BC’s Financial Year 23, which is 16 months away.
Guys.... it has been already done, november 2022, i know wery well brcm and octane, wait, take a look around for a new job, but wait for taking your severance. I have said it for centuries, adding the octane severance and the one provided in my country... i tokk 83 salaries per month
Someone tried to explain this to me. They are not giving the purchase price for each share like other deals. Since this is being paid in cash and stock, people see risk in where the Broadcom stock will be at closure. If it was a straight cash payout per share it would be very close to the purchase price. Feel free to correct me if there is someone that understands this better!
Then why isn't VMW stock moving up to 140$? Market is not so sure about the closure of the deal yet.
People that think this deal wont go through crack me up. Its done deal! Those in the meetings know it's already over. Deal will close in November and surprise all of the non-believers here. Enjoy!!
"When you say November, is it November 2022 or 2023?"
The example of a person of that sucks a wmw POD.
2022 is EARLIEST. NOV 22 is the beginning of the 2023 fiscal year for broadcom. The ONLY statement from BC has been that they will close the deal in the 2023 broadcom fiscal year. Nov starts that.
Do some basic research,
Stop being and uniformed a-s.
When you say November, is it November 2022 or 2023?
Look. is it incredibly likely? yes. is it a done deal? Absolutely not. too many variables still. And November feels incredibly aggressive by way of timing.
Should you act as if it's likely by preparing and be willing to take a good opportunity that presents itself? Absolutely.
But also don't be so freaked by these posts that you're willing to take a big pay cut at this stage just to be safe unless you understand the real odds.
Those being you likely have a good 6 months and then severance. And that there's maybe a 10% chance it doea fall through.
Weigh all those accordingly with your own situation and tolerance for risk and act accordingly.
Good luck to all!
"That’s a wishful thinking."
Look. It's human nature. there are folks that cannot cope with change, and there are folks that cannot cope with drastic change. They are not adaptable. My daughter is this way. Any change is awful and their minds refuse to even think its possible because they dont want it to happen.
Sorry to say, that 100 years ago these are the folks that would die from a drought because they refused to move or modify behavior. They are the folks that ignore warning signs on the street or mass transport until they are physically confronted with a robbery or as----t. They are literally programmed to ignore bad info.
These are the people that would die 100 or 200 years ago because of their refusal to adapt to a change in the environment. I understand its easier for them to do this, but we should see it as a warning. It's screaming at us, DON'T DO THIS!!!
realize change is coming. Prepare. think. update your contacts, update your linked in. Make some phone calls to previous connections. PREPARE.
Dont get me wrong. The world needs ditch diggers, and wrench turners. The folks that move the machinery along within a company or organization. BUT. They are also replaceable just like a worn out part on a machine.
Do not be replaceable. Be in the revenue stream. Be part of the success. Prepare to be that person that contributes to the success of the BU and Company as a whole. Or be a tax on the system and be cut... your choice.
Too many at VMW are leeches that create PODS or Stroke someone's ego right or check a box on some DEI thing. Sc--w that...
Before you freak out, I am a 30 something mixed race male. And I have figured this out. You can to.
That’s a wishful thinking. Nothing stopping from deal closure and subsequent actions that BCOM is knows for to drive EBITDA.
What do people think will happen if the deal falls apart? Everything won’t go back to normal. The dealing falling apart is now the worst thing that could happen in my view. Sort of like why Twitter is taking legal action on Elon Musk. They need the deal.
I believe the deal will close in November. I would rather have more time but am preparing for a November close.