On Tuesday 5th January Linden Lab officially announced that the regulatory review has been completed. This means that Linden Lab is now is under new ownership. Things are “business as usual” apparently and I think many will be wondering what will happen next. Hopefully there will be more news throughout 2021 into 2022.
It’s good the lab have finally updated everyone after months of waiting for any news about the acquisition.
Here is the confirmation via the blog post about the review completion.
Another noteworthy development for the new year is that Linden Lab has new owners!
As announced in mid-2020, an investment group led by Randy Waterfield and Brad Oberwager signed an agreement to acquire the company subject to regulatory approval by financial regulators in the U.S. related to Tilia Inc.’s status as a licensed money transmitter as well as other customary closing conditions. We are pleased to share that the regulatory review has been completed and Linden Lab is now under new ownership.
While the owners may be new, things are “business as usual” in Second Life. Last year saw strong growth for our virtual world and, as a result of this acquisition we expect even more resources in 2021 to further improve and grow Second Life in the future.
Linden Lab mentioned in the blog post that the migration of Second Life to the cloud is now complete. Apparently “All the interconnected services and databases that collectively provide you with Second Life have been migrated to Amazon’s cloud servers”.
The uplift will bring better simulator performance and improve the ability to diagnose problems. The lab will be able to scale their system for more improvements and future growth.
The lab showed a photo in the blog post which is the former cage at the lab facility which has hosted servers since 2009. It’s been cleaned out and is completely empty. Most of the old hardware has been scrapped. All of the drives have been destroyed.
Hopefully things will get better during 2021 with better performance and improvements. Let’s hope the Uplift was worth it.