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Investor argues in favor of preserving his investment. That's about as much weight as I care to give his arguments.

Also, as an aside, is it really a "merger"? I see it as an acquisition--one company buying the other out.

These terms have legal meaning, and the deal is probably structured as a merger. Since GM is so much larger than Cruise, I would speculate that they're forming a new wholly-owned subsidiary that Cruise is merging into, or some other sort of triangular merger.

An investor who also has at the very least a strong personal motivation in proving that SV and YC are capable of creating value in "hard tech": http://blog.samaltman.com/hard-tech-is-back

Reverse triangle mergers are often how acquisitions like this happen:


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