IF G+L are acquired by Fender, it will either be to absorb some of the IP and fold the brand (as they did with SWR, more likely to me), or to keep it going as a brand as they do with some of their other lines. They would also acquire the rights to Mr. Fender's name which they've had to license all these years. And what if any production is going to the big online retailers like SW or MF to drive volume, which G+L never did, it was a very small shop.
If you look at the vast spread of 'Fender Shaped Objects' across current day Fender (the traditional models), then Ernie Ball Music Man, and then G+L, even for a bass nerd like me, it's simply too many snowflake variations on Jazz and Precision and StingRay platforms that in these tightening times I would think are going to have to contract, to rationalize the choices.