exporting user's data is absolutely the right thing to do. About open sourcing the code : If the acquiring company sees the "existing" product as IP even if th

exporting user's data is absolutely the right thing to do. About open sourcing the code : If the acquiring company sees the "existing" product as IP even if they do not see the product/service making (enough?) money - they may consider the "code" as IP. In such case - the acquired company may not be "legally" allowed to make the code open source.