Re:LastPass to become independent company
by timvdalen on Tuesday December 14, 2021 @10:32AM
(#29552616)
I also just received this email, and also have no idea what it means
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Re:LastPass to become independent company
by throwawaylmi01 on Tuesday December 14, 2021 @07:41PM
(#29560381)
What this means is the private equity firm that owns Logmein is preparing to sell LastPass to recoup part of its investment when it bought them out.
It is typical of PE firms to buy and resell into pieces.
LastPass New independent company will for now still be owned by the same PE firm but become independent and will get a new CEO eventually.