this post was submitted on 04 Oct 2024
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I’m not a finance person, but selling equity capped at 10% isn’t a “buyout”, is it?
The family is buying the shares as well, with Tencent having a minority ownership. Or might, rather. This is a consideration. It isn't definitely happening.
But I’m just asking, naively, is 10% a “buyout” by any reasonable definition of the term? I thought that was just a “stake”. I thought a “buyout” meant buying all of someone’s stake.
Tencent and Guillemot combined are considering a buyout of other shareholders. Most of that is Guillemot, with Tencent increasing their share very slightly from 9.2% to 10%.
Gotcha, that makes sense. Thanks!