Friday, May 21, 2021 12:15:11 AM
This news seems good. The platform allows Fandom to not become reliant on any other company's platform. Imagine using Amazon Services, only to have the Amazon decide you've done something wrong and they cancel your ability to use their platform. So Fandom smartly found a home where such a scenario is not an option. They want to control their own destiny. Good for them.
That said, read the news release which the above paragraph was taken from in its entirety and you find its not a purchase, or a partnership, but a license. No details other than the option to pay cash or in shares for rhe licensing, not the owning, ie dilution. Perhaps as shares are transfered to Intellect Dynamics, a real partnership or share swap will grow but no details were provided. Still, it looks like a good move to gain freedom from censorship or shutdown worries.
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