Marcel LUX III SARL (Marcel) as the largest shareholder in SUSE is planning to take the company private and delist it from the Frankfurt Stock Exchange. SUSE will be merged with an unlisted Luxembourg entity. Marcel currently owns a 79% stake in SUSE.

SUSE.com press release

  • makingStuffForFun@lemmy.ml
    link
    fedilink
    arrow-up
    119
    arrow-down
    4
    ·
    1 year ago

    If they’re public, they have huge pressure. If not, they can play their own game with a specific strategy that a shareholder might not like. So this could well be a good thing. Public trading usually leads to enshitification.

    • ag_roberston_author@beehaw.org
      link
      fedilink
      arrow-up
      35
      arrow-down
      1
      ·
      1 year ago

      Marcel LUX III SARL

      Company wholly owned by the EQT group, a publicly traded global investment organization. This is just going to lead to more enshittification.

      • TimLovesTech (AuDHD)(he/him)@badatbeing.social
        link
        fedilink
        English
        arrow-up
        35
        ·
        1 year ago

        But you are still obligated to always act in the best interest of the shareholders. Private means you don’t answer to anyone outside the company and are not forced to do everything to pump the stock price every quarter.

    • flashgnash@lemm.ee
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      That being the reason why valve are able to produce quality over quantity

      Used to think the same about LTT though