Town Hall: The Next Chapter

Amanda stands before the team in the Seattle studio, addressing the recent rumors about the studio's future.

Town Hall: The Next Chapter

True or false?

The studio is being acquired by a consultancy from Chicago.

• True
• False

The deal close is scheduled for early December.

• True
• False

A key-person clause is included in the term sheet to prevent talent flight.

• True
• False

All acquisition proceeds go exclusively to the founding partners.

• True
• False

Thirty percent of the earn-out pool is dedicated to employee bonuses.

• True
• False

Listen again and complete the sentences

• Amanda: Our ____ is poised to be acquired by a major global consultancy based out of Chicago, and the deal close is slated for early November.
• Amanda: I'm pleased to report that a strict ____ is built into the term sheet, protecting our lead researchers and senior architects from talent flight.
• Amanda: The ____ indicates that our current portfolio of initiatives will expand significantly, giving us a bigger seat at the board of the parent company.
• Amanda: Naturally, there'll be a brief ____ until the lawyers finalise the definitive agreements and the valuation metrics are locked in.
• Amanda: You might wonder how ____ affects the team. Well, here's the part that I've been most excited to share with all of you today.

Sources: photo by Vitaly Gariev on Pexels