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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

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[-] bahmanm@lemmy.ml 82 points 1 year ago* (last edited 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 😞

[-] angrymouse@lemmy.world 56 points 1 year ago

I know nothing about this firm and the suse board (that seems to agree with the plan) but normally is great for companies to not be listed in stock market, usually the market put much pressure in short term profit and does not care about long term sustainability.

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this post was submitted on 17 Aug 2023
306 points (99.4% liked)

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