Friday, July 10, 2020

Linden Research Inc to be acquired





Subject to approval from the financial regulators in the U.S., Linden Lab and its Tilia Subsidiary, are to be acquired by an "investment group led by Randy Waterfield and Brad Oberwager".

“We’re excited for this new chapter to begin. We see this as an opportunity to continue growth and expansion for Second Life and our money services business Tilia,” says Linden Lab CEO Ebbe Altberg. “We're grateful for the ongoing support from our community, business partners and investors. Now more than ever, there is increased recognition of the value and utility of virtual worlds to bring people together for safe, shared, and social online experiences.”

At this time the lab has no comments to make, other than the press release on their corporate page

According to Google:  The main reason why small businesses want to be acquired:
Proof that the company has been successful and is profitable. It increases exposure for the company. It provides more security for the company. It will lead to more growth for the company.

My 2 cents:

Given the surge of SL during covid and the forthcoming uplift to the cloud, it is likely that it's success has piqued the interest of investors; especially as it bucks the trend where multiple similar platforms have failed.  This could be a good thing in terms of growth.   First order of business however, is usually to restructure, which obviously causes some turbulence.

One thing you can absolutely guarantee is that the Residents of Second Life will want to know, what if any impact this will have on Second Life.. and they will want to know soon.




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