According to ME News, on August 18 (UTC+8), sources revealed that the U.S. Department of Justice is investigating overlapping board memberships at a16z, involving private tech companies Databricks and Fivetran, both of which have received investments from a16z. a16z co-founder Ben Horowitz serves on Databricks’ board, while partner Martin Casado sits on Fivetran’s board. The investigation was initiated during the merger review process and continues even after the transaction was completed. (Source: Foresight News)
U.S. DOJ Investigates a16z Board Cross-Appointments
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Summary
On-chain news reported on August 18 (UTC+8) that the U.S. Department of Justice is investigating board cross-appointments at a16z. The investigation involves Databricks and Fivetran, both of which received funding from a16z. Ben Horowitz serves on Databricks’ board, while Martin Casado sits on Fivetran’s. The review commenced during merger discussions and continues after the deal’s closure.
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