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“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.”

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[-] Shalakushka@kbin.social 9 points 7 months ago

In what fucking universe are mergers and acquisitions difficult my man

[-] BarryZuckerkorn@beehaw.org 8 points 7 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@kbin.social 7 points 7 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@lemm.ee 2 points 7 months ago

The company didn't abandon, Microsoft bought them out indirectly and killed the competition. Nothing to see here.

this post was submitted on 19 Mar 2024
29 points (100.0% liked)

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