Video games industry expert Joost van Dreunen believes Ubisoft will be privatized and dismantling in 2025 as the French company plots takeover failsafe.
I’ve not heard the term privatisation used in this way. This company is already privately owned, just not by a single individual or entity. That’s not the same thing as being publicly owned, at least here in Australia it’s not.
A “public company” is one that has shares that are publicly traded. Common terminology, but yes it is confusing compared to private vs state ownership.
Edit: you’re right though, using “privatisation” is doubly confusing… That’s not so common. Perhaps that’s what you meant!
I was more used to hearing privatization referring to a government owned entity passing to private interests, but I did a quick search and found out it can mean both things:
Privatization occurs when a government-owned business, operation, or property becomes owned by a private, nongovernment party.
Privatization also may describe a transition that takes a company from being publicly traded to becoming privately held. This is referred to as corporate privatization.
Neat. Thanks. It must be unusual though. That publication seems to have only used it in the title because it’s part of a quote that is the basis for the article. They don’t use that phrasing anywhere else except in a longer quote in the body. Elsewhere they use more common phrasing like ‘go private’.
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I’ve not heard the term privatisation used in this way. This company is already privately owned, just not by a single individual or entity. That’s not the same thing as being publicly owned, at least here in Australia it’s not.
A “public company” is one that has shares that are publicly traded. Common terminology, but yes it is confusing compared to private vs state ownership.
Edit: you’re right though, using “privatisation” is doubly confusing… That’s not so common. Perhaps that’s what you meant!
Yeah that’s what I meant 👍
I was more used to hearing privatization referring to a government owned entity passing to private interests, but I did a quick search and found out it can mean both things:
Neat. Thanks. It must be unusual though. That publication seems to have only used it in the title because it’s part of a quote that is the basis for the article. They don’t use that phrasing anywhere else except in a longer quote in the body. Elsewhere they use more common phrasing like ‘go private’.