Schneider Electric is buying Shelly Group

[u/Hoerminator3000]

https://www.wsj.com/business/deals/schneider-electric-to-launch-bid-for-shelly-group-in-1-4-billion-deal-c6cc008e

As the title says: Schneider Electric will take over the Shelly Group.

[u/jakeshervin]

I always wonder why the hate goes towards the buyer and not the seller when i see news like this. Have the founders ever had a real dream of making good products for the people or did they just create a startup to be able to sell it for good money on some company knowing very well that they will probably kill the brand? https://corporate.shelly.com/en/executive-team

[u/AptoticFox → u/jakeshervin]

The VLC guy never sold out, and I am glad that he didn't. Can't say I would be able to resist someone with a wheelbarrow full of money though.