Online Backup Startup Backblaze Was Almost Bought. Twice. What Went Wrong?
Here’s something you will not read every time an acquisition deal collapses at the last minute: an account of what happened, and why it did. Let alone why it happened twice over.
Backblaze, an online storage and backup startup based in Palo Alto, this morning published a blog post about not one but two acquisition deals that fell through, ‘breaking down the breakup’. They don’t name names, but other than that it’s a refreshingly open account.
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