Find XO: Microsoft Acquires Only the Team, Service to Close on April 1 (techcrunch.com)
Writing language: Korean Read in the original language
Summary / Read source ↗
- Microsoft has acquired the team behind the AI collaboration platform Cove.
- Cove announced it will shut down its service on April 1, and the terms of the deal have not been disclosed, so it is unknown how much the founders and investors have recovered.
- This case offers founders an example to consider what options remain between growing a product and building a team's expertise.
- It is difficult to regard the acquisition as successful based solely on the news of talent acquisition.