[red_phone]

I don’t know how this transaction went down, but it’s very likely they didn’t purchase the organization itself, but rather its assets. The surviving organization would then dispose of the resulting cash in a mission-oriented fashion and shutdown thereafter.

[yieldcrv]

Yeah, the article’s phrasing makes it ambiguous

I like that non profits can be asset stripped, I just wouldn’t call the thing sold to be a non-profit