I'm more thinking of "Deno (the company) lost interest/faith in Deno (the runtime), so they were looking for an out". They like working with runtimes, so Cloudflare is probably a good choice.
I guess this is why so much core staff left suddenly some months ago.
Ryan for one said as much a few hours ago right here[1]: he's more interested in building a better architecture for server development than maintaining what was ultimately evolving into a Node-compatible runtime.
Sounds reasonable to me, and I wish him and his team the best as they continue to develop celld/workerd.
It’s likely that this could be true but they simply have something else they want the acquihired to work on and feel Deno would be a distraction. At least they’re being honest with it instead of letting development stall and all the ill will that comes with the usual slow death by acquisition