Under the terms of the transaction, LogMeIn will pay $110 million in cash upon close for all outstanding equity interests in LastPass, with up to an additional $15 million in cash payable in contingent payments which are expected to be paid to equity holders and key employees of LastPass upon the achievement of certain milestone and retention targets over the two-year period following the closing of the transaction.
That's funny. The LogMeIn employees have a financial stake in making sure that people DON'T exit en masse after the acquisition. I wonder why?
I would caution, then, that any interviews given by any staffer to the effect of "LastPass is not changing, your data is perfectly safe with LogMeIn, the prices will not skyrocket, etc." over the next few months should be taken with a grain of salt, since they quite literally have $15 million riding on you not leaving.
As opposed to any other acquisition (excl. acquihires) where the company doesn't have any incentive to keep customers at all and therefore everything they say must be completely true?
That's a whole lot to infer from that. Holding a significant portion of the sale in escrow pending retention, legal requirements, and other issues is pretty standard practice.
From the LogMeIn investor release[1]
Under the terms of the transaction, LogMeIn will pay $110 million in cash upon close for all outstanding equity interests in LastPass, with up to an additional $15 million in cash payable in contingent payments which are expected to be paid to equity holders and key employees of LastPass upon the achievement of certain milestone and retention targets over the two-year period following the closing of the transaction.
1. https://investor.logmeininc.com/about-us/investors/news/pres...