Hacker News new | comments | ask | show | jobs | submit login

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:

http://www.investopedia.com/terms/r/rtm.asp




Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: