The company has been given a few months to get it's affairs in order, but the deal is dead. Expect a lot of manuevers before official announcements in the coming months.
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Get it's affairs in order would be reducing the renumeration (cancelling Flexpot, that is the biggest warning canary the Softbank party is about to end). Cancelling hiring, so now many projects are missing unit leads at least in CPU with little hope replacing them, the roadmaps are being stripped back and to top it all off everyone is being pulled into the office in September just to then be told to go home again when the next variant cases start to rise.
They haven't even formally applied for acquisition in the EU or China yet. That's going to push the earliest approval date 6 months out, so we're about to sail past that March '22 date soon.
Are you pulling my leg? Haven't some people received offer letters already, like someone wrote a month ago?
And what would "a few months to get its affairs in order" mean?