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> A few days before the Twitter deal was announced, the CEO of MoPub summoned a bunch of us to the office on a Sunday. Nothing like that had ever happened befor
by dmurray 3y ago
> A few days before the Twitter deal was announced, the CEO of MoPub summoned a bunch of us to the office on a Sunday. Nothing like that had ever happened before. At the meeting, he told us about the acquisition (this was when I learned!) and explained that he needed us to sign some paperwork about our equity before the agreement could be finalized.
This sounds dodgy as fuck! If this ever happens to you, please don't sign the paperwork without running it past a lawyer. It's definitely not there to grant you more rights.
- meheleventyone 3y agoIf you own equity hopefully they'd have told you about the acquisition beforehand as a shareholder! But that said it's not unusual to have to do paperwork, for example you can have "offer of first refusal" on the sale of shares which gives you the right to buy the shares being offered for sale, over the person making the current offer, so companies will get people to sign a contract waiving that right as part of the sale process. Sometimes you'll be transferring shares from the old company to shares in the acquiring company and so on. Those latter things you should run past a lawyer anyway!
- dmurray 3y agoRight, and if they call you in on a Sunday completely blindsided "just to sign some papers" you may regret waiving your right to buy the shares - a right that the acquirer, at least, seems to value. You shouldn't be signing it without an attempt to figure out what that right is worth.
- eterm 3y agoIf you're ever given any paperwork to sign ever, thank them for the paperwork and take it away to digest. Don't let false urgency ever pressure you to do otherwise. If they need your signature, they can wait to get it. If they don't need your signature then they shouldn't have a problem anyway.