133
Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
(investors.squarespace.com)
this post was submitted on 13 May 2024
133 points (97.2% liked)
Technology
59374 readers
3794 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What's the benefit of going private for a company that's owned by private equity? Like from a regular standpoint, not being subjected to the constant growth demands of shareholders is good, but I wouldn't think private equity cares about that as long as they're making money
Sometimes appeasing shareholders isn't good for business.
This would mean it is more likely that employees will see greater benefits. Certainly doesn't guarantee that, but without shareholders to appease, the workers have more leverage.
There are definitely still shareholders, they're just private.
Shareholders were bought out for $44.00 per share.
You're thinking about "investors" which are not the same as "shareholders".
There are no more shareholders. There are no more shades to hold.
What? Private companies can and do sell shares of the company and people who own them are shareholders. The difference is that the shares aren’t traded on public markets.
People who own shares in publicly traded companies are also called investors.