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by api
2023 days ago
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Why the hell do huge companies spend tons to acquire things and then kill them? This seems to happen more in computing than other industries. You don't see shipping companies buying completely functional container ships so they can park them out in the middle of the ocean and dynamite a hole in the hull and watch them go glug glug glug for the lulz. |
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- Eliminate a competitor
- Absorb another company's team
Not all the reasons are as macabre as they sound; sometimes the bought company failed to monetize properly whatever they were doing, and their developers decided it was time to stop eating from bean cans. In those cases an acquisition can improve their diet slightly.