I find this move concerning, and wish that the Founder had looked for a new CEO that shared his values rather than a Private Equity and Mergers Expert.
Furthermore, the change to the GRIT motto is worrying. Trust is useless without Transparency when it comes to code and security.
OpenOffice was maintained by sun Microsystems and they were bought by oricale. At the time it was seen so negatively that a fork called libreoffice was created and almost immediately became the default office suite for most people who were using OpenOffice.