[fatnoah]

> a bunch of people doing due diligence on an acquisition

Granted, it was nowhere near this scale, but I've gone through this process as the head of Engineering for the company being acquired. At that point, the business had already decided to acquire, so the process felt more about finding any red flags and/or identifying reasons to adjust the price.

For the process itself, the company looked at nearly everything over the course of a few months. Every detail of finances, sales, tech, operations, etc. was scrutinized, culminating with 16 hours (4 for business and 12 for tech/ops) over two days of standing in front of a room with 30 people.