Almost unnoticed at the end of Linden Lab's announcement that the move of Second Life's data to Cloud servers was now complete was an announcement of another kind. When the Lab announced the agreement with a group of investors to be acquired in July, it was mentioned the deal required the approval of the US Government. At the end of Tuesday's announcement, it was stated the approval was finally granted after a review. The big reason for the approval was Linden Lab's money service Tilia.
On the Waterfield Holdings webpage, Second Life was listed as part of the Waterfield Network, alongside other companies such as Goldman Sachs.
And what does this mean for Second Life and it's residents? For now, not much. It was earlier stated that the investors plans were to pretty much let Linden Lab continue to run Second Life as they see fit. In this latest announcement, they hinted the investors would be sending over some money.
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.
Hamlet Au in New World Notes would have a few things to say on the topic. Among them, that over time Waterfield would likely send the Lab some directives over time to keep it's profit margin. This likely includes higher fees and more incentives to go Premium.
Hat Tip: Hamlet Au