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A comment on Tesla engineers were on-site to evaluate the Twitter staff’s code, workers said. Parent comment

Re:Tesla engineers were on-site to evaluate the Twitter staf... by Moto7451 on Sunday October 30, 2022 @08:51AM (#33394036)
That’s precisely how acquisitions at my current and past company worked. Everyone signs NDAs, there’s a fee paid by the purchaser for the time should they decline the deal, and the audit commences.

I’ve been asked to do the evaluation a few times and it’s pretty straightforward. Even if you think the code is of poor quality, it may still make sense to complete the purchase because of the business case.

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Re:Tesla engineers were on-site to evaluate the Twitter staf... by dmak on Sunday October 30, 2022 @11:30AM (#33395286)
Not necessarily. It depends on the company acquiring. I've seen M&As focus solely on the relationships (ex, customers), so the tech DD was just checkboxes without deep dives.
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Re:Tesla engineers were on-site to evaluate the Twitter staf... by Moto7451 on Tuesday November 01, 2022 @08:00AM (#33420042)
Not necessarily… what? This is my actual professional experience. I’m sure people just buy things without any due diligence somewhere but I have never seen it.

In one case my judgement was that the customer list was all that there was of value. They opted to not buy that company.

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Re:Tesla engineers were on-site to evaluate the Twitter staf... by dmak on Tuesday November 01, 2022 @10:35AM (#33421774)
I didn't say they skipped DD.
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Re:Tesla engineers were on-site to evaluate the Twitter staf... by shaburn on Sunday October 30, 2022 @02:19PM (#33397103)
Were these companies more public and independently well capitalized or cash fires with little bargaining leverage for asset sales?
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Re:Tesla engineers were on-site to evaluate the Twitter staf... by Moto7451 on Tuesday November 01, 2022 @07:57AM (#33420021)
A mix of everything. The deals are always worth millions of dollars.
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