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The clause establishes a mechanism for data disclosure during corporate restructuring events, clarifying that personal data constitutes a transferable asset in such transactions and may be shared with multiple parties involved in transaction diligence and execution.
Under this provision, users' personal data may be accessed by third parties assisting with corporate transactions and transferred to successor or affiliated entities without separate notice or consent beyond this policy disclosure. The authorization applies to the full scope of corporate transactions including mergers, acquisitions, and service transitions.
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"If we are involved in a merger, acquisition, financing, reorganization, bankruptcy, receivership, sale of company assets, or transition of service to another provider, your personal data and other information may be shared in the diligence process with counterparties and others assisting with the transaction and transferred to a successor or affiliate as part of that transaction.— Excerpt from Figma's Figma Privacy Policy
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The clause establishes a mechanism for data disclosure during corporate restructuring events, clarifying that personal data constitutes a transferable asset in such transactions and may be shared with multiple parties involved in transaction diligence and execution.
Under this provision, users' personal data may be accessed by third parties assisting with corporate transactions and transferred to successor or affiliated entities without separate notice or consent beyond this policy disclosure. The authorization applies to the full scope of corporate transactions including mergers, acquisitions, and service transitions.
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