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That wording implies an asset sale which is for anyone involved in or doing business with Fig a big difference. In that case existing ownership and obligations
by hedgehog 3y ago
That wording implies an asset sale which is for anyone involved in or doing business with Fig a big difference. In that case existing ownership and obligations stay with the original entity (probably something like Fig Inc, Delaware corp), the whole team gets hired on at Amazon, Amazon buys the tech they want for some payment the Fig board signs off on, and then someone goes in to clean up and wind down Fig Inc. It's common when big companies buy much smaller companies because doing a full purchase can be a lot more complicated.
- guytv 3y ago... and ther's a big difference in taxation.
- hedgehog 3y ago100% I would imagine there are big differences on both sides, and possibly some ways to exempt some of the payment for assets against the cost of building them. People don't usually write much about this level of detail but it would be interesting to see.