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by physix 335 days ago
This looks to me like the smoking gun on a type of acquisition that circumvents regulatory oversight, primarily driven by the "need for speed":

https://medium.com/@villispeaks/the-blitzhire-acquisition-e3...

which I first saw here

https://news.ycombinator.com/item?id=44553257

1 comments

Circumvents regulatory oversight and also shafts 99% of the employees. Seems to be a backdoor way to acquire the key founders/leaders and IP (via a perpetual license) while leaving behind a desiccated husk of rank and file employees, customers, and obligations.
it's super shitty by management to flee, but given that most startups fail, this startup maybe not-failing really isn't a "shafting".