https://www.samr.gov.cn/fldes/ajgs/jyaj/index.html
Broadcom/VMware has not been officially reviewed or addressed on the website. A full search of the site shows no hits for Broadcom or VMware.
4 replies (most recent on top)
This SAMR page is for the default green projects.
Most of these companies have no operations in China.
For example, Singapore Airlines gets big stake in Air India.
SAMR tells there's no need to review them unless someone disagree.
@fhh+1prnoNcw FTC is green light until they decide to file a lawsuit (of course no guarantee they will).
And no the HSR waiting period is not a deadline for FTC. The only way to be 100% assured is if they gave explicit approval like consent order or letter of no contest.
If Broadcom has gotten those there is no way they wouldn't have mentioned it. They would also be saying they got US/FTC approval instead of tiptoing around the question with a vague statement like "there is no legal impediment to close the deal". Basically legal until it isn't situation.
Let me give you example of recent deals that FTC decided not to challenge and gave consent order.
https://www.ftc.gov/legal-library/browse/cases-proceedings/231-0037-amgen-inc-horizon-therapeutics-plc-matter
https://www.ftc.gov/legal-library/browse/cases-proceedings/221-0142-intercontinental-exchange-incblack-knight-inc-matter
It's been like 2 months since Broadcom said there is no issue in the US. Why didn't FTC have any updates for literally second largest and very conroversial tech deal in history?
The difference is that FTC defaults to a green light, whereas SAMR defaults to red.
https://search.ftc.gov/search?affiliate=ftc_prod&query=Broadcom+vmware&commit=Search
Same with FTC. For other recent deals of large size they have a query even when they have decided not to challenge