5 ms·
misleading headline. Logmein, the owner of Lastpass, is acquiring a subsidiary of Citrix called GetGo (GoTo... products) that was spun out. The new company is
by barkingcat 10y ago
misleading headline.
Logmein, the owner of Lastpass, is acquiring a subsidiary of Citrix called GetGo (GoTo... products) that was spun out.
The new company is called Logmein, and has legally less to do with Citrix than even before!
Wonder why the poster chose that particular phrasing (acquired) because it was Logmein (parent of Lastpass) that was doing the buying:
https://www.logmeininc.com/about-us/faq https://www.logmeininc.com/about-us/faq
What are the financial details of the transaction?
As part of the merger agreement, Citrix spun off its wholly owned subsidiary, GetGo, which then merged with a subsidiary of LogMeIn. LogMeIn issued an estimated 27.3 million shares of LogMeIn common stock to Citrix equity holders in connection with the merger. The transaction is valued at approximately $1.8 billion based on shares to be issued and LogMeIn’s closing price of $65.31 as of July 25, 2016, the date on which the merger was first announced.
What's the name of the merged company?
The name of the new combined company is LogMeIn, Inc.
- rpazyaquian 10y agoThat sounds like the headline is less misleading, and just plain incorrect.
- deleted 10y ago[deleted]