Windsurf CEO Discusses Deal Uncertainty Before Cognition Acquisition
Summary
- Windsurf CEO Jeff Wang discussed the difficult period before the Cognition deal.
- Previous acquisition talks with OpenAI fell through.
- Google DeepMind hired Windsurf's CEO, co-founder, and researchers in a $2.4 billion deal.
- Google will license Windsurf's technology but not take equity.
- This is seen as a 'reverse acquihire' trend.
Overall Sentiment: ⚪ Neutral
AI Explanation
Windsurf CEO Jeff Wang shared insights into the challenging period preceding the acquisition by Cognition. This follows a previous, failed acquisition talks with OpenAI. The situation intensified when Google DeepMind hired Windsurf's CEO, co-founder, and key researchers in a reported $2.4 billion deal, which also involved licensing Windsurf's technology without taking an equity stake. This arrangement aligns with a trend of 'reverse acquihires,' where large tech firms bypass antitrust concerns by hiring talent and licensing tech instead of outright acquisitions.
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