> Business Transfers. We may share or transfer your information in connection with, or during negotiations of, any merger, sale of company assets, financing, or acquisition of all or a portion of our business to another company.
? It doesn't mention the "they can do whatever they want with any information" explicitly, but given that the parallel "Affiliates" section says they'll have to adhere to this privacy policy and this section doesn't, I suppose it's implied.
To be clear, this is always the case whether or not it's explicitly mentioned in the policy, unless the opposite is mentioned - some kind of "any merger contact will require our acquirer to adhere this same policy", which I've never seen from any company. And it'll be an unlikely (albeit very welcome) addition given that it'll affect the acquisition potential and the $$$ bottom-line.
At Clever we include this in our privacy policy. It caused no problems when we sold our company last year:
> In the event of a change of control: If we sell, divest or transfer our business, we will not transfer personal information of our customers unless the new owner intends to maintain and provide the Service as a going concern, and provided that the new owner has agreed to data privacy standards no less stringent than our own. In such case we will provide you with notice and an opportunity to opt-out of the transfer of personally identifiable Student Data.
> Business Transfers. We may share or transfer your information in connection with, or during negotiations of, any merger, sale of company assets, financing, or acquisition of all or a portion of our business to another company.
? It doesn't mention the "they can do whatever they want with any information" explicitly, but given that the parallel "Affiliates" section says they'll have to adhere to this privacy policy and this section doesn't, I suppose it's implied.
To be clear, this is always the case whether or not it's explicitly mentioned in the policy, unless the opposite is mentioned - some kind of "any merger contact will require our acquirer to adhere this same policy", which I've never seen from any company. And it'll be an unlikely (albeit very welcome) addition given that it'll affect the acquisition potential and the $$$ bottom-line.