On: Makani’s time as an “other bet” comes to an end

[PeterisP]

They somehow managed to spend a bunch of pages and a lot of words, and still did not say what exactly are they announcing and what will the outcome be.

Are they shutting down? Are they getting acquired by Shell? Something else?

[blackearl → PeterisP]

No longer part of Alphabet

>Shell is exploring options to continue developing Makani’s technology.

Vague enough to be shopping around perhaps

[asdfasgasdgasdg → PeterisP]

My read is that Alphabet is selling the assets to Shell, and Shell is thinking about what to do with them.

[jacquesm → asdfasgasdgasdg]

It would be interesting to know how much it sold for. I'm guessing not a whole lot, is there a public filing where Google / Alphabet will have to disclose this?

[asdfasgasdgasdg → jacquesm]

Google would only have to disclose it if the loss is material, IIUC. I doubt it is on Google's scale.

[1024core → PeterisP]

FTA:

so from today Makani’s time at Alphabet is coming to an end. This doesn’t mean the end of the road for the technology Makani developed, but it does mean that Makani will no longer be an Alphabet company. Shell is exploring options to continue developing Makani’s technology.

[sandoooo → PeterisP]

It's an update on their incredible journey.

[Nition → sandoooo]

Advancing their amazing bet, maybe?