> In an email [PDF] one frustrated user shared with The Register, VPN Secure argued that its acquisition of the business in 2023 was an asset-only deal - meaning it took over the technology, infrastructure, and customer database, but not the previous owner's liabilities.
Color me naive, but I'm surprised that's allowed. Seems like it would be all too easy for a company to "sell" itself to "someone", just to jettison liabilities.
> In an email [PDF] one frustrated user shared with The Register, VPN Secure argued that its acquisition of the business in 2023 was an asset-only deal - meaning it took over the technology, infrastructure, and customer database, but not the previous owner's liabilities.
Color me naive, but I'm surprised that's allowed. Seems like it would be all too easy for a company to "sell" itself to "someone", just to jettison liabilities.