Federal Court Ruling a Win for Developers and Acquisitions

The following quote can be attributed to Bruce Gustafson, CEO of the Alliance:

“Entrepreneurs and VCs rely on predictable and rational markets when they invest in innovation. For many small developer-led companies that includes the potential to have their project acquired by a larger company with the resources to drive commercial scale. Large companies have outsourced R&D this way for many decades – this isn’t new. We thank Meta for championing developer innovators, and encourage the FTC to allow tomorrow’s innovators equal freedom to succeed.

The following quote can be attributed to Politico:

 “In a pair of sealed rulings, U.S. District Judge Edward Davila declined to issue a preliminary injunction against the deal while the FTC pursues a separate case in its in-house administrative court, according to a person with knowledge of the matter.” Read full article HERE

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