Terrible for employees...they raised 60m at over $400m valuation. Totally wiped out! http://www.techcrunch.com/2017/01/24/airbnb-is-in-talks-to-acquire-social-payments-startup-tilt
Damn, does anybody at tilt walk away with a win here? Looks kind of like the Pebble acquisition.
If what they are aquiring is the employees, I'd hope that they would give good packages to the acquired employees to make them see past their lost equity or else they might have a retention problem with their acquisition.