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I don't like to see this kind of story reported. If Facebook doesn't now buy Loopt it will look like something bad came up in due diligence, making Loopt less
by herdrick 17y ago
I don't like to see this kind of story reported. If Facebook doesn't now buy Loopt it will look like something bad came up in due diligence, making Loopt less attractive to other potential acquirers, at least for a while. Further, Facebook will be tempted to use that fact for leverage.
But maybe reporting on it makes no difference because enough people in the industry would know about it anyway. I don't know.
- gyardley 17y agoHeh, when I read the story I assumed that MG's source was an executive at Loopt. If Facebook is truly doing due diligence on Loopt, MG's article will get the attention of others who may come and take a look and create a competitive bidding environment. Anonymously slipping TechCrunch a tidbit is the easiest way to do this without being caught shopping the company and irritating Facebook.
- herdrick 17y agoVery good point. Perhaps we'll know someday what happened.