“While no one predicted this specific outcome, we shouldn’t be surprised,” added the investor Benaich. “If antitrust regulators make [mergers and acquisitions] prohibitively difficult, we should expect these bizarre semi-exits to become more common.”
- Shalakushka ( @Shalakushka@kbin.social ) 9•8 months ago
In what fucking universe are mergers and acquisitions difficult my man
- Barry Zuckerkorn ( @BarryZuckerkorn@beehaw.org ) 8•8 months ago
If your company’s secret sauce is that it employs a particular person, then your moat is whatever it takes to poach that person. If that person is willing to leave behind whatever intellectual property, un-vested equity, and relationships behind, then your company was never that valuable to begin with.
- Kata1yst ( @Kata1yst@kbin.social ) 7•8 months ago
Seriously. This guy thinks that regulators would have stepped in to stop OpenAI or Microsoft from acquiring a no-name 2 year old startup with two rounds of funding?
Please.
- sim642 ( @sim642@lemm.ee ) 2•8 months ago
The company didn’t abandon, Microsoft bought them out indirectly and killed the competition. Nothing to see here.