8 Things Partners Need To Know About Broadcom's Stalled Acquisition Of Brocade
Broadcom's $5.9 billion blockbuster acquisition of Brocade Communications has hit a major hurdle that potentially could delay the purchase for at least a few more months.
The acquisition, which was first unveiled in November, was set to be completed on or before Aug. 1. However, the Committee on Foreign Investment in the United States (CFIUS) has halted the process with the potential of dissolving the deal altogether. The acquisition not only impacts Broadcom and Brocade -- Extreme Networks has revealed plans to purchase certain assets of Brocade from Broadcom once the deal is closed.
Here are the eight things partners need to know about where the acquisition stands right now.