Microsoft to acquire Fungible.
From what I have heard msft will pay 190M to Fungible. Pradeep and Bertrand screwed the employees. @fungible how do you feel about this deal? #hardware #semiconductor #azure
This may be the best case scenario for startup. Most of them are dying. some get acquired for a lot lower sum than valuation. So no stock money .. at least they get to have some job post acquisition.
Pensando was also in the same space. I read somewhere that they didn’t even have a shipping DPU product. How come they got sold for 2 Billion to AMD? What made them special?
Thanks to the 2 rude interviewers working at Fungible, who made the decision easy for me. So glad I did not join them.
Unfortunately Your name also sounds the same.
After raising more than $300M, getting acquired for $190M sounds amazing 😒.. at least they sold it to someone.. better than $0
Fire sale
What was the per share price after acquisition? How come this is possible sold in just $190M? I am no expert in valuation. Can anyone explain
I'm curious about this too. It's older news though.
When did you hear it? Details came out last Monday
More than a week ago.