Comment on A VPN Company Canceled All Lifetime Subscriptions, Claiming It Didn’t Know About Them
nucleative@lemmy.world 17 hours ago
It kind of looks like the new owners of VPN Secure got screwed - the last owner made all these costly lifetime deals and didn’t tell them. The obligation/liability to service those deals wasn’t transferred to the new owners.
Which means the old owner is probably the bad guy here and still owes these customers for their lifetime subscriptions.
teft@lemmy.world 16 hours ago
Sounds like the new owner didn’t do due diligence when inspecting what they were purchasing. Which means the new guy is an idiot and you probably shouldn’t trust your data with them.
nucleative@lemmy.world 16 hours ago
You can do due diligence as a buyer forever but if the seller lies or doesn’t disclose… Problems like these happen. Lawsuits are potentially incoming to figure that one out.
driving_crooner@lemmy.eco.br 16 hours ago
This is why any good merge and acquisition contract have stipulations that update the price of the transaction 6 months or a year after purchase.
wildcardology@lemmy.world 16 hours ago
So the lifetime subscription offer was not in the subscription list anymore at the time of purchase?
Corkyskog@sh.itjust.works 15 hours ago
Then you sue them to cover the differential