Maybe they wanted the cash in hand rather than a high variance company valuation...

rurp on June 2, 2021 | parent | context | favorite | on: Stack Overflow sold to Prosus for $1.8B

Maybe they wanted the cash in hand rather than a high variance company valuation. Or just wanted to transition their money and attention to something else. There are plenty of reasons to want to sell a company in a way that both sides come out ahead.