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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

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Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
Microsoft

Microsoft Releases New To-Do App to Replace Wunderlist—Days After Its Founder Offered to Buy It Back

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Alyssa Newcomb
Alyssa Newcomb
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By
Alyssa Newcomb
Alyssa Newcomb
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September 9, 2019, 6:49 PM ET
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When tech giants, like Microsoft purchase start-ups like Wunderlist, it can be cause for celebration—until the inevitable happens and the purchase is stripped for parts and shut down.

Microsoft unveiled a redesigned To Do app on Monday that will replace Wunderlist, a mobile productivity app it acquired in 2015 for a price that was rumored to be between $100 million and $200 million. Microsoft did not provide any specifics about when the app might be shut down. Two days ago, Wunderlist founder Christian Reber tweeted at Microsoft asking for a chance to buy the app back, amid rumors it would be shutting down.

On Monday, it appeared that wouldn’t be happening as Microsoft unveiled the revamped To Do app, drawing from some of the best design features of Wunderlist, including customizable backgrounds—including the popular Berlin TV tower background in Wunderlist—and smart tasks being shown in a single list.

Still sad @Microsoft wants to shut down @Wunderlist, even though people still love and use it. I’m serious @satyanadella @marcusash, please let me buy it back. Keep the team and focus on @MicrosoftToDo, and no one will be angry for not shutting down @Wunderlist. pic.twitter.com/27mIABncLF

— Christian Reber (@christianreber) September 6, 2019

Wunderlist’s sunsetting is hardly the first time a giant tech company has purchased a smaller company, stripped it for parts, or just decided to simply shut it down.

Facebook purchased tbh, an anonymous feedback app popular among teens, last October. While the founders are now Facebook employees, Facebook said in July it would shut down the app.

Slack bought Astro last September and shut down its email app, which included a built-in smart assistant. Slack has, of course, cemented its position as an email-killing communication platform.

Like Microsoft, there’s a long list of examples to draw from at Apple. The company famously acquired Beats Music and then shut down the streaming service in 2015 as it prepared to launch Apple Music.

While it’s a sad day for Reber, the Wunderlist founder, he tweeted that he has “nothing but gratitude” for Microsoft and called selling to them “definitely the best thing that ever happened to us.”

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Catch up with Data Sheet, Fortune’s daily digest on the business of tech.

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