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.
I wonder what would that mean for openSUSE, given that, apparently, an equity firm is making decisions on behalf of the SUSE board 😞
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.
That’s a good question, and who is the mysterious 3rd party SUSE is going to be merged with?
Debian is looking better and better everyday.
No, don’t jinx it.
Too late. Already had to deploy GitLab on it.
Nothing. The oS maintainers put safeguards in place. At worst they would need to come up with a new name because of trademarks. openSUSE is sponsored by other companies than just SUSE. That doesn’t go just away.
Hopefully nothing too drastic, but also according to the article they were only publicly traded from 2021 to now, so for most of their existence they were in private hands anyway, albeit being passed around a fair bit.
I missed the point wrt 2021. That’s somehow comforting/reassuring. Thanks.
SUSE was already private under an equity firm until 2021 (EQT). Probably fine.
From what I’ve read this Marcel LUX III SARL company is also just a holding company under EQT. So nothing major has changed there.