Latest / The Acquisition Talk with Fexingo: Mergers, Buyouts, and Business Sales for Operators
The Non-Compete Trap That Cost a Buyer 25 Million
In this episode, Lucas and Luna dissect a $25 million M&A disaster caused by a poorly drafted non-compete clause. When OmniCorp acquired software firm DataSync, they relied on a standard non-compete from the seller's CEO. But a single loophole—defining 'competitive business' too narrowly—allowed that CEO to launch a nearly identical company just six months later, poaching key clients and employees. The result: OmniCorp's projected synergies evaporated, and a lawsuit consumed millions more. Lucas breaks down the exact language that failed, how buyers can audit non-compete…
The skinny
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