To go to Matt’s for profit entity, for his for profit entity to direct as they wish.
“I demand you give resources to your for profit competitor for them to use as they wish. And I’ll pretend to be wearing my non-profit, independent hat while demanding it.”
And they demanded full auditing while also making them agree to not fork GPL licensed software. No CEO with even the most basic of business educations would sign this agreement. It's a total farse, he's trying to shut the company down and either doing so for his own benefit or for the benefit of his buddies at Newfold or Blackrock.
The term sheet is here [0], the money option offered was only to Automattic. The other choice was 8% of developer time to WordPress itself, which is arguably under the control of the non-profit, but no one is quite sure at this point what the distinction between the two even is.
“I demand you give resources to your for profit competitor for them to use as they wish. And I’ll pretend to be wearing my non-profit, independent hat while demanding it.”
Is it any surprise this has gone the way it has?