Huge fan of Hackaday so I'm really not with this acquisition but if you offer me 700,000,000 for my blog I'd sell it too. I wish them the best of luck.
[EDIT ADD} OK been pointed out I slipped few points on that value and it's $700m which with that turnover makes way more sense. But epic Doh moment and hands up on that laugh.
My comments often go through multiple revisions like this in the first ~5 minutes or so. If dang has any ability to see or query these edits I wouldn't be surprised if they discovered my "edits per word" is among the highest in HN :D
The biggest play here is competition to Altium's Octopart purchase, especially with all of today's electronic component supply chain woes. The Siemens (Mentor Graphics/PADS/Expedition) + Findchips/SupplyFX data is likely one of the end goals where the value will be derived.