When will the FTC communicate their decision?
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what if FTC blocks the deal? There is rumor FTC going to reject the deal. Last few days vmw stock going down for a reason.
@2omj+1nLTnxy6 Initial layoffs happen at close in the old entity, prior to day one. They won't even hit the BC payroll
If I were to guess:
End Aug - FTC approves
Early Sep - CMA officially approves (right now it's provisional)
Late Sep - Official close
Mid Oct - Layoff (Ops, IT, HR, Legal, Marketing etc. - most gone with 10-20% retained for transition of some functions to external vendor)
To @iov+1nLTnxy6 there will need to be some kind of consultation process so whilst apparently the new organisational blueprint is good to go in terms of communication- probably immediately after all of the approvals have been rubber stamped - any layoffs won’t happen immediately.
Will layoffs happen immidiately after FTC decision or in oct only ?
Late August is most likely .. so in about 30 days
https://www.youtube.com/watch?v=Gs069dndIYk
When they are ready and feel they have a good case to challenge or are ok to proceed... given the EU and UK just closed theirs out in the last week I would think this shouldn't be too far off now.