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Your understanding of "acq-hire" is accurate. In this case, I think the TC headline is wrong. If Carsabi never raised money (I'm not sure), then they had no in
by callmeed 14y ago
Your understanding of "acq-hire" is accurate. In this case, I think the TC headline is wrong.
If Carsabi never raised money (I'm not sure), then they had no investors to return money to. And since FB didn't want it, perhaps it was okay to just sell it separately.