I think you mean GM. Anyways, I'll preface this by saying: while a member of my former team handled acquisitions and divestitures, I've never participated in o

I think you mean GM. Anyways, I'll preface this by saying: while a member of my former team handled acquisitions and divestitures, I've never participated in one. Most due diligence processes I've heard or discussed never remotely focus on the functionality of the technology. Even the guy on our team doing the auditing couldn't tell us what the company/product did until it was publicly announced. The process focused on data and compliance like verifying revenue, profits, patents assigned, tax records, SOX audits, data access logs, are these transactions valid, are there weird or flagged wire transfers, do all engineers involved have a wavier signed writing over all IP, does everyone have a non-disclosure signed, etc. I could see how "does this product actually work" getting overlooked in the process, because their supporting and underlying data is probably valid. However, I'll again mention that I have never actually done an acquisition audit (just worked close to someone who did), so maybe someone else can chime in and tell me about some process I just don't know about.