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
    1·
    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
      3·
      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.

  • bahmanm@lemmy.mlEnglish
    1·
    1 year ago

    I wonder what would that mean for openSUSE, given that, apparently, an equity firm is making decisions on behalf of the SUSE board 😞

  • AutoTL;DR@lemmings.worldBEnglish
    1·
    1 year ago

    This is the best summary I could come up with:

    The SUSE organization has changed hands many times over the years… From being its own independent company to the notable acquisition by Novell two decades ago.

    Over the past decade SUSE has changed hands between Attachmate, Micro Focus, EQT Partners, and then went public back in 2021 on the Frankfurt Stock Exchange.

    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.

    In taking SUSE private, the EQT Private Equity / Marcel is offering a ~16 EUR per share price, around a 67% premium over today’s share price.

    "SUSE’s Management Board and Supervisory Board support the strategic opportunity from delisting of the company as it will allow SUSE to focus fully on its operational priorities and execution of its long-term strategy.

    The interim dividend will be paid to all shareholders prior to the settlement of the Offer and will allow Marcel to finance its purchase of SUSE shares under the Offer and certain transaction costs incurred by it."

    I’m a bot and I’m open source!

    • Southern Wolf@pawb.social
      1·
      1 year ago

      Good bot!

      Also, I’d argue this is a good step forward for Suse, as it will take a lot of shareholder pressure off of them.

  • kool_newt@lemm.eeEnglish
    1·
    1 year ago

    Huh, this could be a good thing, stop them from being a target for shorts and free them from the typical pattern. But now it totally depends on whether the private owners suck or not. Let’s hope for the best!