I think the OP was referring to "shutting down" in the sense of stopping development on their consumer-facing app. The article likely meant that they weren't "shutting down" in the sense that the employees will still be working together in more-or-less the same organizational structure as pre-acquisition.
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"The company will not be shut down post-acquisition, though it did recently shut down its app."
I think the OP was referring to "shutting down" in the sense of stopping development on their consumer-facing app. The article likely meant that they weren't "shutting down" in the sense that the employees will still be working together in more-or-less the same organizational structure as pre-acquisition.
Check out their website, sure looks like they're shutting down. http://cueup.com