Yes, but he's failing to see the big picture. Selling any small company to any big company leads to this risk. To hold water, his argument should be: "we shouldn't have sold the business at all," not "we shouldn't have sold to ESPN."
I personally don't love ESPN/Disney/ABC, but basically all major corporations that make acquisitions do this. Google does it all the time. It's very clearly a known risk when you sell a startup. I don't have much sympathy.
I personally don't love ESPN/Disney/ABC, but basically all major corporations that make acquisitions do this. Google does it all the time. It's very clearly a known risk when you sell a startup. I don't have much sympathy.