- cross-posted to:
- hackernews@lemmy.smeargle.fans
- hackernews@derp.foo
- cross-posted to:
- hackernews@lemmy.smeargle.fans
- hackernews@derp.foo
Satya just released a statement https://blogs.microsoft.com/blog/2023/11/17/a-statement-from-microsoft-chairman-and-ceo-satya-nadella/
How exactly does company A own shares in itself?
That’s actually extremely common. It’s called share buybacks.
Company A was created independently. In a sense, it owned itself. After a while Company A decided it needed capital or a close business partner. Company A told company B “We will sell you a 49% share of our company for capital and close business relations.” Company B accepted. Now what happened to the other 51%? They’re still with Company A, so we can say that Company A owns shares of itself.