https://www.reuters.com/markets/deals/eu-says-broadcoms-takeover-vmware-could-hurt-competition-2023-04-12/
21 replies (most recent on top)
“The business of America is business.”
Look up the date of that quote.
Nothing has changed in that regard.
The acquisition denial is strong in this thread.
CA was dead as a company, that was a mercy ki-ling, past its prime. Same as VMware.
Now you have to understand it - The Oracle
The FTC administration and political party during the CA acquisition was more business friendly. The FTC in charge now is more strict or some would even say unhinged. Timing and players are also key. Different jury this time around.
if we're just gonna throw out random acquistions, how about broadcom symantec, or broadcom CA, or broadcom brocade?
Nvidia ARM had no chance of ever going through, there is literally ZERO comparison with broadcom vmware. If our company was Qualcomm there would be
Google, Microsoft, and Qualcomm and a many others all immediately disapproved on the NVidia deal. Big business wins again, the FTC did their bidding.
What big American companies are against the deal? Crickets…
Okay if you’re not satisfied with the Giphy example then try NVIDIA and ARM. Feel better now?
Giphy! Paper tigers can stop a puny 400M deal, that is chump change. How will Facebook survive such a loss, how oh how? Facebook only makes $350M per day.
Giphy…. You come up with Giphy.
Giphy shmiphy.
@blah blah
Tell that to Facebook and Giphy and Illumina and Grail and a host of others who got their hands slapped by regulators recently
Blah blah blah. Companies get what they want, regulators are paper tigers.
MS is using Sony’s own monopolistic tendencies to counter FTC’s arguments. It’s not apples to apples. You can’t compare the 2 merges. The MS Activision merge also is still undergoing a trial. FTC has gone against the decision of their judge recently so they can continue to make that merge difficult if it follows the same pattern. It appears FTC is dragging its feet with ours maybe because they want to see how it goes with other regulators first to get a glimpse of how Broadcom responds. They can then sharpen their arguments and gather additional information. FTC is definitely more aggressive than they’ve been in the past.
If the Activision/Microsoft deal can go through, this certainly will.
Stick a fork in it. It's done. Broadcom will give up within a month. The liberation of VMware is at hand.
Given Broadcom’s naughty offenses in the past I don’t think the regulators are going to be satisfied with mere promises not to do this or do that. They will want structural remedies which Hok might not likey likey. If they can make interoperability stick, it will have major consequences for future merges and who better to make an example of than a company known for malpractices? I’m ready for the showdown. Got my popcorn ready!
The pain he endures now will just increase the intensity of the pleasure when the deal goes through.
He may have a heart attack from all the post acquisition excitement.
Hock is one of the highest paid CEO's in the world. A person like that wants nothing and has more power than most people on the planet. There are few things in the world that could pi-s off and truly frustrate a person like that. So it's nice to see the regulatory bodies finally standing up to him for his serial violations and anti-competitive practices. They are one of the few groups that can do that, and stop him from getting and doing whatever he wants. Ripping off companies, stifling innovation, and mass layoffs.
Pricing is easier to address than structural remedies. That’s why the regulators are trying a different approach. To extract as much pain IMHO.
Here comes all our experts again lol
Zzzzzz...
EU has no clue how Broadcom will excercise it's pricing power. They are fu----g clueless...
lmfao.
So the EU, UK and US are all basing their concerns on conglomerate risks as opposed to market concentration. Not a strong basis for blocking this but at least it is becoming more clear where Broadcom will need to highlight remedies. Unfortunately their past illegal bundling and pricing behaviour is coming back to bite them (as it should) but this decoupling of the SW and Silicon sides of their businesses should be straight forward to resolve for without requiring the sale of assets IMO.
Old news!