Some shareholders of a16z-backed Divvy Homes may not see a dime from $1B sale

The $1 billion acquisition of rent-to-own startup Divvy Homes, which was announced Wednesday, is expected to leave some shareholders without a payout, according to sources familiar with the deal. The terms — and Divvy’s journey from buzzy startup to acquisition target — reflects the rollercoaster ride the proptech industry has endured over the past decade. Learn more about your ad choices. Visit podcastchoices.com/adchoices