[0xbadc0de5]

Buried the lede - they have not yet actually paid for it and are still raising money.

As I said in the previous post about this, I support their efforts and applaud their enthusiasm. But they are making some very risky moves with their premature messaging. This could easily fall through and is just begging other parties with less sincere interest in the brand's legacy to take notice.

[kotaKat]

And it's "only" a "low seven-figure sum" involved here.

I'm quite frankly expecting a crash and burn with a lot of grasping-at-finances to try to keep whatever this becomes afloat, and/or another Atari-esque cash-grab-flailing-venture situation.

[fredfish]

AFAICT from the article the takeover deal is agreed and in process, so assuming they end up able to pay on time and meet any other requirements I don't see how other interest matters?

[wodenokoto]

I don’t know what the agreement is, but if either party is allowed to pull out at a 10% cost, and this fund raising goes crazy viral it might make financial sense for the seller to pull out, and make a new offer.

[fredfish]

Sure bad things could happen depending what terms they could negotiate. The counter proposal seems to be to not have made the deal probably not being able to raise enough money to do so in secrecy (or not maintaining secrecy and making more spicy gossip about an opportunity.) The old owner is probably happier to be done with owning the brand and getting more than they could have with no free advertising.