The news is public: Broadcom is acquiring Brocade, my employer. Official announcement here, and some (unofficial) commentary here. What’s happening, and what does it mean for me? There’s limits to what I can say - either because I don’t have the answers, or because it’s not public. But here’s a little bit of info for readers wondering what will happen to me.
Update: We now have news: It’s Extreme Networks
Broadcom has announced its intention to acquire Brocade for approximately $5.5 billion:
This morning we announced a definitive agreement under which Broadcom will acquire Brocade. Broadcom believes the SAN business is a strong complement to its portfolio of enterprise storage and networking solutions, and its intention is to continue to deliver the market-leading storage networking solutions and innovation for which Brocade is so well known.
When will this happen?
Closing of the transaction is presently expected in the second half of Broadcom’s fiscal year 2017, which ends in October 2017, and is subject to regulatory approvals in various jurisdictions, customary closing conditions as well as the approval of Brocade’s stockholders.
This is the tricky bit. Broadcom is well-known as a maker Continue reading
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