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The information on Groklaw is not intended to constitute legal advice. While Mark is a lawyer and he has asked other lawyers and law students to contribute articles, all of these articles are offered to help educate, not to provide specific legal advice. They are not your lawyers.

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US corporation buying out the foreign company | 545 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
Market forces not good enough
Authored by: bilateralrope on Friday, June 14 2013 @ 04:54 AM EDT
Forget buying out the company. All someone needs to do to get market forces to
drive people to the cloud service they want people to use is to subsidize it.
Then that cloud service will be cheaper and market forces will drive people
towards it.

Especially if they can hide any concrete information about privacy issues of
their cloud provider and/or make their competitors look just as bad.

[ Reply to This | Parent | # ]

Market forces not good enough
Authored by: marcosdumay on Friday, June 14 2013 @ 04:00 PM EDT
"We all need a simple appliance that can be plugged in at home and operate
like a cloud storage from afar via encrypted comms."

A Raspberry Pi with the ssh server active? Personaly, I use a PC for that, but
that is because I do many more thing in it than just file serving. At the
client, sshfs and winscp are great interfaces. (Funny that I didn't decide to
self host my cloud for security, just for convenience.)

Also, if you go through that route, disallow passord authentication at the ssh
server. I carry a key in my pen-drive (that is also my keyholder - for real
keys, that is) and have specific keys at the computers I use most. And use 2k
bits keys, they are there, why use something smaller?

[ Reply to This | Parent | # ]

US corporation buying out the foreign company
Authored by: Wol on Saturday, June 15 2013 @ 03:38 PM EDT
And if that's not possible?

First of all, privately held companies are not open to being bought out. And
don't assume they'll have to go public to get the capital - if enough companies
want to trade with them they'll easily get the capital other ways - even have
their customers lend it to them if necessary.

And secondly, not all countries have rules about "shares == votes".
That's why I boycott Nestle - most Swiss companies, shareholders can't vote more
than 5% of shares without the company directors' permission. And even if a
foreign company manages to get a majority vote (ie >95% of the shares), the
Swiss government can still turn the shares non-voting "in the public
interest".

If non-US companies want to "keep the data to themselves" there's an
easy way to do it. It just takes a couple of them to set up a trade association,
quite possibly handing over their DP facilities as seed capital, and it'll grow
from there. I used to work for a company that was founded in exactly that
manner.

Cheers,
Wol

[ Reply to This | Parent | # ]

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