Update: since this post was published, Linden Lab have clarified the fact that the acquisition process is in fact complete, revising their comment on the acquisition process. I have therefore revised the end of this post to reflect the updated comment on the acquisition. See also: Meet Linden Lab’s new board of directors.
On Tuesday, January 5th, Linden Lab provided a short update on the cloud migration work and on the current situation regarding the company’s acquisition.
The physical move to AWS services was completed at the end of 2020, and the blog post expands on some tweets made by April and Soft Linden over the Christmas period.
In her December 23rd tweet, April Linden confirmed that the last of the Lab’s services had been migrated to AWS services, and that the remaining systems within the Lab’s (now former) co-location facility in Arizona had been powered off.
In discussing the fate of the data held on the old hardware in late 2020, Oz Linden had indicated that Linden Lab had arranged for all of the hard drives from the co-location facility would be shredded – and on December 31st, 2020, Soft Linden tweeted that the work had been completed by a professional data destruction company, with a total of 10,588 hard drives and solid state drives that had been contained within the Lab’s old hardware had indeed been shredded.
The January 5th blog post builds on both of these tweets by providing a photograph of the cleared-out cage at the Lab’s former co-location facility, and a short video of drives being shredded, both of which I’ve included here.
Linden Research Acquisition Complete
Turning to the July announcement that an agreement in principle had been reached with an investment group led by Randy Waterfield and Brad Oberwager to acquire Linden Research Inc., (as Linden Lab is formally known), the blog post confirmed the acquisition process has been completed, and Linden Lab is now under new ownership:
Another noteworthy development for the new year is that Linden Lab has new owners! As announced in mid-2020, an investment group led by Randy Waterfield and Brad Oberwager signed an agreement to acquire the company subject to regulatory approval by financial regulators in the U.S. related to Tilia Inc.’s status as a licensed money transmitter as well as other customary closing conditions. We are pleased to share that the regulatory review has been completed and Linden Lab is now under new ownership.
At the time of writing, the official About Linden Lab page had yet to show any changes in the board structure to reflect the acquisition completion – I expect that will come in due course.
Read the official blog post for more.