My small company (~120 employees) got swallowed by a giant whale (rhymes with “Crisco”) of a company like this. Except that everybody in the original small company got laid off six months later, and we had no assets whatsoever except for the “talent”. Crisco even got stuck with the lease for our recently-renovated office and had to buy it out. Our C-suite got large stock awards when we were acquired but they all got dismissed, too. I have no fucking idea why it happened.
Yup. Either eliminating a competitor, or getting ahold of some obscure patent that they don’t want to be stuck leasing indefinitely. Or they want to be the ones to lease the patent for exorbitant amounts, and they’re willing to write off a short term loss for longer term profits.
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My small company (~120 employees) got swallowed by a giant whale (rhymes with “Crisco”) of a company like this. Except that everybody in the original small company got laid off six months later, and we had no assets whatsoever except for the “talent”. Crisco even got stuck with the lease for our recently-renovated office and had to buy it out. Our C-suite got large stock awards when we were acquired but they all got dismissed, too. I have no fucking idea why it happened.
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Sometimes the purpose of your acquisition is just to eliminate a competitor.
Yup. Either eliminating a competitor, or getting ahold of some obscure patent that they don’t want to be stuck leasing indefinitely. Or they want to be the ones to lease the patent for exorbitant amounts, and they’re willing to write off a short term loss for longer term profits.