Billionaires worldwide are now lining up to take their companies private
Companies have already announced $26 billion of transactions to be taken private by a related party this year, up about 2,500% from the same period in 2019
Last Updated at September 18, 2020 13:37 IST
Move over, private equity: There are some new buyers in town, and they know their targets better than anyone. Billionaire owners from Japanese tycoon Masayoshi Son to French media magnate Patrick Drahi are looking at removing their crown jewels from the spotlight of public markets.
The potential moves to take their firms private mean they won’t have to deal with volatile markets and increasingly vocal shareholders. Companies have already announced $26 billion of transactions to be taken private by a related party this year, up ...
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First Published: Tue, September 15 2020. 17:03 IST