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Re:Ask HN: Why do acquiring companies close acquisitions ins... by timaelliott on Thursday June 28, 2012 @08:06PM (#4174574)
Because the people who ran the product are more useful working on other projects than pursuing something the company clearly felt was a failure.
Re:Ask HN: Why do acquiring companies close acquisitions ins... by yoonminn on Thursday June 28, 2012 @11:08PM (#4175044)
so a product with good brand and following has not much value without the original founders and teams ? Can't the product be run by a different team and company?

There are many situations where another company could see value in buying a product that the acquirer is no longer interested in maintaining.