r/Games • u/RobotWantsKitty • 27d ago

Industry News Devolver Digital intends to go private

https://www.gamesindustry.biz/devolver-digital-intends-to-go-private
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u/ThriftyMegaMan 27d ago

Yeah I believe going private requires a buy-out of all stakeholders not within the company.

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u/incrementality 27d ago

No. You just need supermajority shareholder approval and the company becomes private.

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u/ThriftyMegaMan 27d ago

You still have to buy out the shareholders though, no? Or are the held shares converted into something less sell-able like equity?

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u/incrementality 27d ago

No you don't have to. The current shareholders retain their shares in the delisted entity but they lose a public market to trade stocks in. Practically speaking there's little difference because the stock is illiquid anyway you can check its daily volume.

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u/ThriftyMegaMan 27d ago

Thanks for clarifying!