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A comment on IBM Stops Buybacks to Pay for Red Hat. Parent comment

Re:IBM Stops Buybacks to Pay for Red Hat by Jabbles on Saturday August 10, 2019 @12:06PM (#20662811)
This is known as "going private".

https://www.investopedia.com/terms/g/going-private.asp

One example is Dell: https://en.wikipedia.org/wiki/Dell#2013_buyout

Also see Elon Musk's infamous tweet about Tesla: https://en.wikipedia.org/wiki/Tesla,_Inc.#Securities_Litigat...

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Re:IBM Stops Buybacks to Pay for Red Hat by criddell on Saturday August 10, 2019 @12:58PM (#20663167)
So a company that has gone private isn't owned by another entity? There are no external stakeholders?
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Re:IBM Stops Buybacks to Pay for Red Hat by kgwgk on Saturday August 10, 2019 @01:36PM (#20663411)
Silver Lake (a private equity firm) took Dell private in 2013.

Interestingly, the company didn’t use buybacks to become private but it did use buybacks to become public again last year [1]. It was done by buying back some piece of its business that remained traded in the stock exchange following the acquisition of EMC when Dell was private [2].

[1] https://www.techspot.com/news/77848-dell-about-go-public-sec...

[2] https://www.bloomberg.com/opinion/articles/2015-10-13/dell-w...

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